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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bakunin who wrote (76445)2/23/2000 2:30:00 PM
From: Mike M2  Respond to of 132070
 
Mike, nice note. This market reflects herd/crowd behavior not rational analysis. There is a saying we can all go down together but we can't let it go up with out us. when the market tanks money mangers can claim that their actions seemed prudent at the time because everyone was doing it -g- IMO, index and tech funds have become Ponzi schemes. In addition many money managers have chosen to be closet indexers and closet tech funds. Mike