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To: reaper who wrote (146022)1/24/2002 7:06:42 PM
From: Earlie  Respond to of 436258
 
Reaper:

I don't have an answer and so far, neither do the ones I have talked to. Most of them are already essentially "closet indexed", primarily because they recognize just how nutty this whole thing is. They profess of course to hating to be in such a situation, and in a way, one can't blame them To miss out on a big rise in one of the index "darlings" is to end up with poor comparisons. My argument has always been to "dodge just one index clanger per year through decent homework and a bit of courage and you will outperform by miles", but they can't dredge up the courage to do this. Don't ask me why.

Best, Earlie



To: reaper who wrote (146022)1/24/2002 8:13:11 PM
From: At_The_Ask  Respond to of 436258
 
IMO just like the rest of us when we are in a bad trade; they will reach a point when they can't take the heat anymore and start to sell. Those with leap puts will someday get paid. corporations that have been counting on 15% annualized will have to face reality at some point, and that will be reflected in the bottom line.