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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (43953)6/30/2002 11:08:08 AM
From: David Zgodzinski  Read Replies (1) of 209892
 
those mutual fund inflow/outflow trends can be real long term. My father bought equity funds at the market top in the late sixties. Actually they were sold to him as the old saw goes "Mutual funds are never bought, they're sold". That was the last big mutual fund boom before the late nineties.

Of course all they did was go down for the following few years and he finally dumped them (probably at the bottom of the '74 bear ;0)

He always did better with individual stocks that paid dividends and he never bought any funds again.

I don't know where the data is, but I believe I read somewhere that the net mutual redemptions lasted for many years in the seventies - money just kept draining out.

Not to quibble with your "could be a bullish" scenario for the short term - but long term, could be the sheeple are finally fed up and starting to find somewhere else to los...ah...invest their money.
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