- This topic has 39 replies, 9 voices, and was last updated 17 years, 8 months ago by
LookoutBelow.
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August 16, 2007 at 9:41 PM #9911August 16, 2007 at 9:59 PM #76742
bsrsharma
ParticipantI too feel unsettled. But most of our funds there are FDIC insured, so I am not too worried. Later today, they came with an announcement that their exposure to sub-prime is minimal. But this tidal wave is sucking up all mortgage backed securities. In fact, anything other than treasury or government paper seems to have become worth less. This is too big a mess to surf sensibly. We can only hope to invest conservatively and pray!
August 16, 2007 at 9:59 PM #76890ParticipantI too feel unsettled. But most of our funds there are FDIC insured, so I am not too worried. Later today, they came with an announcement that their exposure to sub-prime is minimal. But this tidal wave is sucking up all mortgage backed securities. In fact, anything other than treasury or government paper seems to have become worth less. This is too big a mess to surf sensibly. We can only hope to invest conservatively and pray!
August 16, 2007 at 9:59 PM #76861ParticipantI too feel unsettled. But most of our funds there are FDIC insured, so I am not too worried. Later today, they came with an announcement that their exposure to sub-prime is minimal. But this tidal wave is sucking up all mortgage backed securities. In fact, anything other than treasury or government paper seems to have become worth less. This is too big a mess to surf sensibly. We can only hope to invest conservatively and pray!
August 16, 2007 at 10:33 PM #76899one_muggle
Participanterr, yeah gracie, ETRADE is just fine. Keep your money there, no problem (at least until my ETRADE CD’s mature in November, then you can get out.)
-one muggle
August 16, 2007 at 10:33 PM #76871Participanterr, yeah gracie, ETRADE is just fine. Keep your money there, no problem (at least until my ETRADE CD’s mature in November, then you can get out.)
-one muggle
August 16, 2007 at 10:33 PM #76751Participanterr, yeah gracie, ETRADE is just fine. Keep your money there, no problem (at least until my ETRADE CD’s mature in November, then you can get out.)
-one muggle
August 16, 2007 at 10:38 PM #76874capeman
ParticipantCareful, rumor has it that they had some possible insolvency issues today that led them to freezing withdrawals and some transactions. I was not able to move cash around between accounts and I got confirmation of similar issues from many other people including the CFO and finance dept. at my company. We have all of our options in Etrade and my main account is through them although I took out most of my cash earlier in the week. Just make sure your positions are below the 500k mark and cash below 100k. If you happen to be fortunate enough to exceed those numbers it’s best to move positions and cash to other brokers and stay under the caps in all accounts. I would take the issue very seriously at this point. Today was scary and tomorrow won’t be any better and likely much worse.
August 16, 2007 at 10:38 PM #76754ParticipantCareful, rumor has it that they had some possible insolvency issues today that led them to freezing withdrawals and some transactions. I was not able to move cash around between accounts and I got confirmation of similar issues from many other people including the CFO and finance dept. at my company. We have all of our options in Etrade and my main account is through them although I took out most of my cash earlier in the week. Just make sure your positions are below the 500k mark and cash below 100k. If you happen to be fortunate enough to exceed those numbers it’s best to move positions and cash to other brokers and stay under the caps in all accounts. I would take the issue very seriously at this point. Today was scary and tomorrow won’t be any better and likely much worse.
August 16, 2007 at 10:38 PM #76902ParticipantCareful, rumor has it that they had some possible insolvency issues today that led them to freezing withdrawals and some transactions. I was not able to move cash around between accounts and I got confirmation of similar issues from many other people including the CFO and finance dept. at my company. We have all of our options in Etrade and my main account is through them although I took out most of my cash earlier in the week. Just make sure your positions are below the 500k mark and cash below 100k. If you happen to be fortunate enough to exceed those numbers it’s best to move positions and cash to other brokers and stay under the caps in all accounts. I would take the issue very seriously at this point. Today was scary and tomorrow won’t be any better and likely much worse.
August 16, 2007 at 10:49 PM #76763Participantbelow 100k
That is the best universal advice anyone can give. It is the equivalent of "protection" in the post-HIV era!
August 16, 2007 at 10:49 PM #76883Participantbelow 100k
That is the best universal advice anyone can give. It is the equivalent of "protection" in the post-HIV era!
August 16, 2007 at 10:49 PM #76911Participantbelow 100k
That is the best universal advice anyone can give. It is the equivalent of "protection" in the post-HIV era!
August 17, 2007 at 6:13 AM #76968
CoronitaParticipantPretrading, it’s up 13% today after the fed move.
August 17, 2007 at 6:13 AM #76994CoronitaParticipantPretrading, it’s up 13% today after the fed move.
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