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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (69832)10/30/1999 3:58:00 PM
From: Giordano Bruno  Read Replies (1) of 132070
 
Michael, would you know when the Christmas bonus incentives kick in? -g-

...something on the order of 70 percent of all equity mutual funds have fiscal year-ends in October. He also went on to point out that at these mutual funds, most folks, in his opinion, had incentive comps versus how they did against the market. So there was a tremendous incentive to make October look particularly good.
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