Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (200415)	10/27/2002 2:04:13 AM
From: lifeisgood	Read Replies (1) of 436258

seen the cover of barrons? online.wsj.com The cover comes with this heading... COVER STORY: With bargains and cash both abundant, the stock market is poised to rally. So say the money managers in our latest Big Money poll. I wonder where all that abundant cash is they're going to use to back up the truck? Oh, here it is... The bulls point to a looming increase in corporate profits... but wait!! what's this??? about 58% of the managers expect equity mutual funds to experience net cash outflows over the next six-to-12 months, continuing this year's mournful trend. In July, stock funds suffered titanic outflows of $52.61 billion, followed by an exodus of $2.91 billion in August, according to the Investment Company Institute, in Washington, D.C. and this??? Current consumer indebtedness is higher than it's been in more than 20 years." and now for the punchline.....(drumroll). The managers say they're having better luck beating the S&P 500 index in their private, rather than professional portfolios. Fully 80% of managers claim to be beating the S&P when they trade for their own accounts, while only 74% can make the same claim about client assets. One possible explanation is the need for many professional investors to keep cash balances low. But their private accounts might be chock-full of the stuff. Just think of it as more fuel for that hungry bull. If you believe that BS, you fully deserve to have what little money you have left confiscated by these successful money managers (LOL). best... LIG

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