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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (92031)9/11/2001 9:55:43 PM
From: BSGrinder  Read Replies (1) of 132070
 
Michael,
I think that many individuals and traders may indeed feel stubborn about selling, but what about all the fund managers who are facing a 5-10% disconnect in their assets? They will also feel like they are unlikely to get much new money in this environment. I'm betting they duck and cover. To paraphrase an aphorism: "No one ever lost money underestimating the patriotism and courage of mutual fund managers."
/Kit
Please God, spare Bill.
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