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Non-Tech : James Cramer
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To: grok who wrote (309)2/25/1999 10:23:00 AM
From: W. Luther  Read Replies (1) of 766
 
I'm surprised that he scored only 2% last year. I figured that he lost badly on Oct 8...but I figured he would have gotten back in before long without too much damage.

the article said that there were some large redemptions from his fund in October, so he no doubt wound up selling some positions at the bottom and didn't have as much cash as he would have liked to reinvest at that time...certainly if he followed his own advice(he essentially did call the bottom by calling for a further 1000 pt drop in the Dow on the very afternoon that the market turned upward) he was going short at the time he should have been long...also i think he had some bad luck earlier in the year when CD(a big position of his at the time) went down the tubes...at any rate I'd say his performance last year is a ringing endorsement for the John Bogle approach to investing!!
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