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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: XoFruitCake who wrote (171734)12/16/2008 3:12:01 PM
From: Think4YourselfRead Replies (1) of 306849
 
And the dumbazz managers of the non-hedge funds are parading on CNBC saying how they are buying, and this is the opportunity of a lifetime. That's so beyond ridiculous, but the folks who will soon be swelling the ranks of the lower class will probably believe them

What's going to happen when those hedge funds DO start collapsing, and the redemptions resume? Does anyone think Maddoff was the only guy doing what he did? Half the hedge fund managers that froze redemptions might be doing something similar.

I am telling people it might be wise to stop all contributions to retirement accounts for awhile, and consider using this opportunity to get out of equities where the (almost all incompetent) fund managers are involved. The managers, at least the ones that come on CNBC, are going to lose their client's money.
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