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Strategies & Market Trends : Ultra OTC Fund - UOPIX
UOPIX 129.42+1.4%Feb 2 4:00 PM EST

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To: OldAIMGuy who wrote (2036)12/13/2002 2:02:58 PM
From: John  Read Replies (1) of 2063
 
Thanks for the X_DEV link, Tom. I'm looking at that and still working on some algorithms myself.

UOPIX and USPIX are both WAY down for the life of each fund. USPIX would be expected to be way down, but the last 24 months have crushed UOPIX into oblivion too. If it weren't for a few well timed switches resulting in big gains, I would have been erased too.

Long term theoretical analysis still indicates that UOPIX would have yielded far greater returns than NDX alone over a 20+ year run, but if we are in some type of new NIKKEI type market with years and years of stagnation, Bernie's fear of the double beat funds will prove to be warranted.

So far, I don't think anyone is closer to a solution on 2 beta funds than they were on day 1. Shrug.

I think the problem lies in the fact that the market is saturated. Everyone can't own a 2-beta fund and get rich. Everyone simply can't get rich, and yet, almost everyone I know is either heavily invested or can become heavily invested in seconds. It's a different world from just 5 to 7 years ago. I don't know what the solution is. A new baby boom? Heh!

Season's Greetings,
John in New Orleans
Cloudy, 55°F
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