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

To: Nadine Carroll who wrote (90956)	5/13/2001 3:40:56 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Nadine, >>I know a lot of coworkers who tried to take "prudent" advantage of the bull market, investing in "high-quality" stocks, whose IRAs now contain underwater positions in MSFT, INTC, and of course, CSCO. Are we now defining "high quality" as extremely overpriced. <gg> Joan

To: Nadine Carroll who wrote (90956)	5/13/2001 7:34:16 PM
From: Knighty Tin	Respond to of 132070

Nadine, What about all of those who bought into the soon to be defunct Merrill Lynch Internet Fund? Or many others just like it? One thing you can count on is for brokerage firms to bring out sector funds at the very top of that particular sector. Though the independents aren't much better. American Century, Aim and Van Kampen all brought out Technology Funds in 2000. And that is just the fund cos. that start with A in the alphabet. (I know, some think Van Kampen starts with a V, but I worked there when it was still American Capital and you can't teach a cranky dog new names. <g>) Of course, the fund game has always been to feed the ducks when they're quacking and selling sectors at the top is the one way they can be assured of making money.