qwerty007:
I converted my money market fund into checking just to be overly cautious–there is maybe one in a thousand chances money market funds could be in jeopardy. But frankly, those odds are not good enough. Consider that every fire the Fed & Treas have put out results in euphoria for a day or two, then despair. Look at today’s market reaction. Besides, with T-bill rates falling to near zero, MM rates may be so low as to negate their original appeal.
This will be a dangerous week.
