Trouble in the Middle East has sent stock markets around the world reeling and investors packing for safer havens for their money. According to Birinyi Associates, the current flare-up between Israel and Hezbollah has erased about US$1.5 trillion in valuations, with no apparent end in sight. Benefiting from the conflict are money market funds. For May and June, they saw a total infusion of $34 billion; since the beginning of July, $15.2 billion more has poured into money markets funds. Bonds also saw a nice pick up, with $170 million. “You’re going to see more and more money go into bonds, especially because of the yields, “ David Wyss, an economist at Standard & Poor’s told the Associated Press. “The equity market hates uncertainty, and that is what you got a lot of right now. Once investors become more confident, you’ll see money rotate back into stocks.” Wyss suggested that could happen sooner than later, “If Wall Street becomes confident the violence will stay confined.”