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To: Larry S. who wrote (4779)9/18/2001 8:55:40 PM
From: BWAC  Read Replies (1) | Respond to of 5499
 
Well Larry, you can add a lot of others to that list also. Maybe F, MCIT, WB, ED, PGN.

Which brings up the point? What are all the mutual funds doing with cash earning 2.5% or with a bond giving little more than that?

I mean really? Do people need a mutual fund to do that and skim 1% fees of the top? Is that what they wanted done with their invested cash? Granted 2.5% is better than negative 10%, but the former has a lot to do with the later.

And all these brokers talking about got to buy some Bonds? OK, yeah right. Let's see buy a bond at a price calculated on todays low interest rates? Rates go back up eventuallly to a more normal level, bond loses an equivalent portion of capital. Sucky interest rate with the loss of capital potential if you find the need to exit the bond in a different rate environment. Geeez.

Seriously, Has everybody collectively taken leave of their senses? From the traders to the fund managers to the corporate leaders to the individual investors.