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Non-Tech : Money Managers after the Perfect Storm

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To: Skeeter Bug who wrote (18)2/26/2002 7:50:41 PM
From: RetiredNow  Read Replies (1) of 46
 
HI Skeeter, there are plenty of great opportunities out there. I think there is the perception that the majority of companies out there are cooking the books, but that simply isn't true. I think the bubble companies have had enormous pressure put on them to produce outsized results and as a result, you'll see an increased incidence of book cooking among those companies. However, there are lots of companies out there that are boring in comparison, but are doing great. What's more is that because of cyclical rotation out of tech stocks, the stocks of these boring companies are soaring. Shoot, gold stocks alone have been a phenomenal investment in the last two years. So if one was diversified across industries and across asset categories, then he'd not have to drastically change his philosophy now or pull out of the market altogether. Just be careful about retreating, because that's not the answer.
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