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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bozwood who wrote (1193)10/1/2003 5:40:02 PM
From: russwinter  Read Replies (1) of 110194
 
My comments on fund managers are my opinion only (as opposed to "factual"), gleaned from being at this game for about three decades. I do feel a number of great names left the business during the bubble years of the late 90's because they either 1. got old 2. lost out in the performance game when the lunatics took over, and were subsequently pushed out.

I suppose that the new guys might have learned something from the market fallout since, but judging from current market behavior, I just don't think so. I think many are trying to relive 1999. I keep getting ready to see that "as easy as fallin' in love" Ameritrade ad anytime: the one with the young kid and his "old guy" boss. So again I feel the sycophants, clerks and worse lunatics are in charge. I do agree with you that they will stay fully invested until Joe and Martha pull their funds, or until they need to nip some competitor's performance (since by and large they all own the same stocks)by a half percent when the momentum turns seriously down.
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