THOUGHT FOR THE DAY!

"We are entering a new phase in human history -- one in which fewer and fewer workers will be needed to produce the goods and services for the global population."-- Jeremy Rifkin, economist

 

Pimco cancels dividend payments for 6 funds

The Associated Press | Business Week

NEW YORK

Pacific Investment Management Company Inc. on Monday canceled announced dividend payments for six of its funds, saying the weak market has pushed the value of those funds below legal thresholds.

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A Wylie E. Coyote moment if ever I saw one.

In perhaps the worst analyst performance of the year WealthTrack's own Consuelo Mack just heavily urinated, irreparably staining the guest market monitor couch.

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