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

To: BSGrinder who wrote (86253)	12/4/2000 9:21:11 PM
From: Knighty Tin	Respond to of 132070

Kit, I have heard of some significant redemptions starting to hit, but mostly in the sector funds, which are smaller, by definition. A lot of folks in the the supposedly more diversified Janus, Fido, Aim and 20th Century crapola still think they have professional managers who can do something to make things better. Other than quitting and allowing somebody who knows what they are doing to come in to fix the fund (good luck finding enough of those types with all of the CFA maroons running loose), I don't think there is much they can do. I have been quiet. I like to be feisty when the other side is full of itself. Once they've hit the skids, I don't like to rub their noses in it. Part of the reason I am so visible when things are extraordinarily overpriced is to try to shock them into taking stock of what is happening. There is not much I can tell them now except I told you so, and everyone is saying that. I know what you mean about your wife's co. suffering even though it is not a .Com co. It will really filter down. We have greatly overbuilt luxury hotels and airplane capacity. If the .Com economy takes a hiatus, those industries are going to feel kinda puny.