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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JEB who wrote (280181)	7/25/2002 4:25:41 AM
From: Baldur Fjvlnisson	Respond to of 769670

The golden rule of investing in the U.S.: The idiots Americans, for some reason, actually PAY REAL MONEY for destroying their assets; namely U.S. fund managers will always be fully invested and out of cash at exactly the least opportune moment. Last March when the market was ripe for total slaughter; those idiots had 5% cash. After averaging down for four months NOW they were so out of cash that to meet redemptions they had to sell their European holdings. How some of those imbeciles actually manage to keep their jobs and go on destroying capital is beyond me.