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Politics : High Tolerance Plasticity

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To: Libbyt who wrote (20614)11/23/2003 4:46:17 PM
From: GraceZ  Read Replies (1) of 23153
 
Cramer is the very definition of "weak hands". He was wildly bullish a few weeks ago as prices were reaching frothy levels and now he has second thoughts because there is a much awaited pull back, he just sort of sways in the short term trend with little conviction.

FWIW I know several people who sold their mutual funds because they reasoned that while they didn't think that the "scandals" were such a big deal, they figured that they would result in others making withdrawals. They sold things like Janus and started slowly buying into exchange traded index funds with the proceeds. They did see the fact that these types of index funds aren't (mis)managed as a bonus. They saw the redemptions as hitting their particular funds, but not necessarily the market as a whole.
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