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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Rick Storm who wrote (11590)12/7/2001 10:30:20 PM
From: Crimson Ghost  Read Replies (1) of 99280
 
I look for funds with a good track record, managed by a large mutual fund organization THAT ARE WAY DOWN FROM THEIR HIGHS. These kinds of funds generally posted the strongest bounces in the early 1990s when the junk market turned.

I own substantial positions in both the Fidelity junk bond funds since they meet my criterea. SPHIX returned 34% in 1991, 21% in 1992, and 22% in 1993. FAGIX returned 30% in 1991, 28% in 1992, and 25% in 1993. There are many others.

Note that these still have rallied just 4% off their lows -- they have barely begun to move. Quite unlike stocks to put it mildly.
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