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November 2008

Recs

8

Watch the Money Market Balances

November 19, 2008 – Comments (1) | RELATED TICKERS: COP , GE , MEE.DL

WAY under the radar was a story last week that reported Money Market balances  hit a record $3.5 Trillion (yes, with a "T") last week.  That's before the various stock selloffs this week.  To give you some frame of reference, this amount could buy the Top 20 U.S. Companies (based on Market Cap:  http://www.theonlineinvestor.com/large_caps/) and STILL have $700 Billion left over to play around with.  [more]

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