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B4 The Bell, Moonday, June 28


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Blast heard in Turkish capital

Mon 28 June, 2004 20:37

 

ANKARA (Reuters) - A large explosion has been heard near a Turkish Defence Ministry building in the capital Ankara, the state-run Anatolian news agency says, but it is not immediately clear what caused the blast.

 

More than 40 world leaders, including U.S. President George W Bush, are in Istanbul for a NATO summit that began on Monday.

 

http://www.reuters.co.uk/newsPackageArticl...88&section=news

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Despite the carnage in mining stocks, CEF, which holds physical gold and silver in a vault, is only down a penny.

CEF tends to trade on the GOLD and SILVER: CDN DOLLAR ratio. It's a tricky one to play. I sold it in disgust days before it bonered unexpectedly to the upside.

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Sledd, CECO freaking out after hours, all over the map.

 

 

Also posted on IDS (you're not having an acid flashback):

 

As per our discussions of lack of safety with money market funds:

 

I have discovered that Waterhouse does have an FDIC insured account that you can get into if you jump through a few hoops. If anyone knows of other brokerages that likewise have FDIC insured money market accounts, I'd appreciate if you could post or PM me.

 

Yes, Yobob and others, I know that that's not necessarily going to pay off either, but it's a little safer than discovering that your money market account is suddenly worth 20% less, with no recourse.

 

TIA

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Guest yobob1
Sledd, CECO freaking out after hours, all over the map.

 

 

Also posted on IDS (you're not having an acid flashback):

 

As per our discussions of lack of safety with money market funds:

 

I have discovered that Waterhouse does have an FDIC insured account that you can get into if you jump through a few hoops. If anyone knows of other brokerages that likewise have FDIC insured money market accounts, I'd appreciate if you could post or PM me.

 

Yes, Yobob and others, I know that that's not necessarily going to pay off either, but it's a little safer than discovering that your money market account is suddenly worth 20% less, with no recourse.

 

TIA

Sorry Drano, but an FDIC insurance on a money market does not protect you from losses. It would still be perfectly legal and not an insurance issue if the value of your money market fell below the $1.00 level. It only guarantees, in case of a default by the bank, that you will get back what you deserve up to $100,000. The only "safe" place to put your money, up to $100,000, is in a plain old savings account or a guaranteed CD. Granted there are very few instances of a money market account falling below the $1.00 level, but in this environment anything is possible.

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Ouch!

 

 

4:44pm 06/28/04

Washington Mutual cuts 2004 earnings forecast (WM) By Carolyn Pritchard

SAN FRANCISCO (CBS.MW) -- Washington Mutual (WM) cut its 2004 earnings forecast after Monday's closing bell, citing the impact of higher long-term interest rates on its mortgage lending business. The mortgage lender and savings and loan said it now expects to post a per-share profit ranging $3 to $3.60 for the year, vs. anal cysts' average forecast of $4.24 a share, according to Thomson First Call. Shares of Seattle-based Washington Mutual ended Monday's regular session up 13 cents at $41.31. The stock was halted for trade after the closing bell.

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