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Strategies & Market Trends : Group Therapy

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To: Duane L. Olson who wrote (3301)3/30/2001 9:57:28 AM
From: E. Graphs  Read Replies (3) of 4564
 
Duane,

I have little faith in funds now that I have seen how poorly a lot of managers have handled OPM. Just not enough of their own blood it it I guess.

I don't believe that this one example is unique:

Message 15579675

Also, see my response to it........it is not a vote of confidence!

siliconinvestor.com

Maybe you have a better feel for funds than I do. I think there are too many of them and they need to.....er....consolidate. <shudder>.....<g>

It's an industry that looked brilliant while we were in a bubble, but now with redemptions outpacing inflows I wonder why I would put my money in a fund just so they can pay it to the people taking their money out? I figure my money will not get the chance to be put to work, and at best I would just be helping some manager keep his job until we see what happens next.

Perhaps I am being too pessimistic, but I think we have more pain to go.

E
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