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Biotech / Medical : T/FIF Portfolio

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To: scaram(o)uche who wrote (814)	4/20/1999 1:48:00 PM
From: LLCF	Read Replies (1) of 1073

Maybe we should pick on Yellen as well... looks like he bailed as well. His comment: >> "If someone is sitting in small-cap names for years, saying that the market has been stupid and he's been smart -- that's not a legitimate view." << IMO this comment makes no sense... it begs the question: If you're sitting in small caps for MONTHS (not years).. blah blah... Which in turn implies that the market is always right... which we know historically is incorrect. And by the way Mr. Yellen, you WERE in small caps for years... and NOW you're saying that wasn't legitimate?? In fact we'll have to wait to see if it was stupid to stay in small caps and if it's stupid to continue to stay there or not!... we may find that Yellen has the "illegitimate" view! DAK

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