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To: NVDave
See that first spike down? That’s on the 17th of September

I didn't get directed to the chart you wanted me to see.

I am looking for where the money went on the 15th, not that I really expect to find it. I am not saying that was an evil genius or smersh behind the panic, but electronic funds moved, have to have a destination.

188 posted on 02/13/2009 8:17:16 AM PST by razorback-bert (Save the planet...it is the only known one with beer!)
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To: razorback-bert

OK, when you sell off the “money market” mutual funds, you roll out of a mutual or “sweep” fund, and you’re left in cash, which has a 0.0% yield.

The money is still in your account, so technically it didn’t move anywhere, just as when you buy or sell a stock in your accounts, your money didn’t “go” anywhere - it was just buying or selling an asset held in your account. So the money didn’t have to “go” anywhere, it was just pulled out of the money market funds.


190 posted on 02/13/2009 9:44:07 AM PST by NVDave
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