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Politics : Ask Michael Burke

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To: Teresa Lo who wrote (49219)	2/27/1999 6:11:00 PM
From: Tommaso	Read Replies (3) of 132070

A new contrarian indicator. I was just looking at a report/sales material from United Funds. This is one of the worst-performing groups ever--for the last several years their gold and silver funds and natural-resources funds have done nothing my lose (my) money. They even had a fund manager at one point who absconded with mcuh of the capital of one of the funds. Finally they added a stock fund. Thhir stock fund manager is cheerily quoting statistics that prove that since 1936 (except for 1939) every third-year presidential term has been an up market, so using these statistics he predicts a strongly probably good year and next year for stocks. Thing is--he didn't look back just a few more years. 1929 was the third year of a presidential term of office.

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