Anybody seen Jubak's article on MSN MOney today???

[redgtxdi]

Fire & Brimstone.............

This is the end..........

http://articles.moneycentral.m...urMoneyMarketFund.aspx



I find it funny that he thinks the Fund Co's MM funds will do fine vs. any other MM fund. Does that suggest they'd stoop to steal from Peter to pay Paul????


Have money market funds ever crashed before in history???

 

[Dunbar]

Well, I read the article, he basically says that money market fund yields will fall in the future in response to the subprime market fallout. He emphasizes the fact that it is highly unlikely money market shares will fall in value (ie., there is no principal risk). Buyers of asset backed debt are unsure of its value so they are holding off on buying until they have a better idea.