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re: moving out of the money markets today

Posted on 10/3/08 at 8:03 am to
Posted by cenla tigah
cenla
Member since Sep 2007
5521 posts
Posted on 10/3/08 at 8:03 am to
quote:

wish I could be so confident about a particular day's returns


its almost on, we'll see soon if I made the right move . . . . .
Posted by tigerskin
Member since Nov 2004
46723 posts
Posted on 10/3/08 at 8:46 am to
How long are you going to stay in it? Just curious. Good luck.
Posted by cenla tigah
cenla
Member since Sep 2007
5521 posts
Posted on 10/3/08 at 9:00 am to
prolly just today. If I can get a 3 to 5 percent bump, i'll be elated

and btw, thanks
This post was edited on 10/3/08 at 9:01 am
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2969 posts
Posted on 10/3/08 at 12:10 pm to
As of 1 PM Eastern you are looking good.
Posted by McLemore
Member since Dec 2003
35323 posts
Posted on 10/3/08 at 1:50 pm to
as of 3:00 est, you are not. well, i don't know what your regular investments are, but the couple stocks i checked were up about 6% at noon, and are now down 2%+.

so much for savior bigdaddy goverment on this one. i guess ws had priced in the bailout
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10964 posts
Posted on 10/3/08 at 1:59 pm to
Hmmm, just last night:
quote:

One could postulate that the bailout is too little too late and corporate damage will continue with no access to CP or other ST funding mechanisms. Nothing is guaranteed.


Sorry about that. There is a saying about market rationality/irrationality and one's ability to maintain solvency. Don't hop in and out, you will pay a dear price.
Posted by cenla tigah
cenla
Member since Sep 2007
5521 posts
Posted on 10/3/08 at 6:59 pm to
yup, learned a lesson today. Fortunatley, I only suffered about a one percent loss. I got back out, and going to stay that way. Looks like its a downhill run for a long time from here.
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