Thursday September 18, 2008
Crisis Bulletin 1
Most investors are reeling from the country’s financial crisis. Home prices are tumbling. The stock market has come down 24% since July ‘07. For the first time ever, money market funds have lost money. And several major financial institutions have gone bust or been forced into government receivership.
The information and views contained in this column do not represent a recommendation or solicitation to buy or sell any particular security or fund. Past results are not a guarantee of future outcomes. Investments of any kind can result in losses. When considering any investment, you should independently judge the content, management, fees, tax implications, and risk factors of the investment and, in particular, read its prospectus and/or other offering materials.