I’m closing all my positions in my power account. I’ve got a really bad feeling and I didn’t want my power funds account to get clobbered. Bank of America just froze redemptions on one of their money market accounts and this doesn’t bode well at all for me. I’ll do the math later but I think I lost about $190 in the transaction and I’m ok with a tiny loss vs. a very large one. The Fed meets tomorrow and I simply don’t feel comfortable with what they’re going to end up doing so I’m out.
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