Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (6303)	11/16/2001 6:13:53 PM
From: ajtj99	Read Replies (2) of 99280

NV, the put/call ratio ended today at 0.50. That's a topping number. It could go lower, but it was pretty low most of the day, and we've normally dumped when we've had numbers like this. As for Janus's tech holdings, that's so last quarter's news. I've had two Janus funds in our company retirement plan since 2-days before Sept. 11 until last week Monday, and they move like molasses now (Twenty and Mercury). Heck, when the SPX dropped down 15% from Sept. 6 to Sept. 21, Mercury was down only about 8%. That tells you all you need to know about that fund's tech holdings. Janus has been peeling off their tech holdings all year long. Because of the large size of their funds, they were really exposed to their overweighting in tech during the drop. They are balancing things out a bit this year, IMO, so they can slow redemptions and keep their Morningstar ratings from going in the tank. That's the goofy thing about mutual funds. People buy them based on 5-year performance, which in many cases have very little correlation to future performance (especially when you're comparing now to the bubble years).

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