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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: pchristi12534 who wrote (69316)	5/20/2002 8:50:59 AM
From: 2MAR$	Respond to of 99280

Yah , what do they say about EXPE ? Saw some guy advertising that site on the AMAT YHOO board yesterday as well I think.

To: pchristi12534 who wrote (69316)	5/20/2002 9:06:25 AM
From: augieboo	Respond to of 99280

there are those who believe that institutional investors are more sophisticated and smarter than individual investors. On the other hand, how are the big mutual funds doing since the crash started? Yesterday I was looking at some international funds, for a place to park some dollars while the greenback devalues, and guess what? Every fund I looked at in either "emerging economy" or "international emerging company" or "asian growth" or "Pacific basin" type categories all had the same stock as their number one holding -- gigantic Samsung electronics, which is currently taking a bit of a dump all over itself. Example two: Prior to the crash, my folks put some of their money into Fidelity's "Contra" fund -- a fund that is supposed to run "contra" to the markets, by investing in non-tech, overseas, in value stocks, etc. Guess what? It dumped just like every other Fidelity fund did. Why? Because, just like the rest of them, its top holdings were along the lines of CSCO, SUNW, EMC, JNPR, etc. I'll grant you one part of your statement, but with a caveat, i.e., "institutional investors are more sophisticated and smarter than individual investors," but only in the sense that they are very good at enriching themselves without regard to whether they enrich their clients or not. augie