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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (5849)	10/3/2002 8:26:56 PM
From: Jim McMannis	Respond to of 306849

RE:"Most MuFu's these days are run by 30 year old know-it-alls who've never experienced a bear market. They're chart chasers and trend followers, and most will be unemployed before the bear is done." I'd say most of them have experienced a bear market now. With more to come.

To: patron_anejo_por_favor who wrote (5849)	10/4/2002 10:11:54 AM
From: bozwood	Read Replies (2) \| Respond to of 306849

I guarantee that the 30 yr olds currently at mutual funds have experienced a bear market.

To: patron_anejo_por_favor who wrote (5849)	10/4/2002 11:12:01 AM
From: Tradelite	Respond to of 306849

<<Most MuFu's these days are run by 30 year old know-it-alls who've never experienced a bear market. They're chart chasers and trend followers, and most will be unemployed before the bear is done.>> Yes, YES!! I said to myself more than a year ago (maybe two years ago) that these mutual fund cats would be toast....The very existence of simple, stock-market-traded exchange-traded funds was the beginning of their demise, and while these exchange-traded funds aren't perfect, these index-type funds, plus present market conditions, leave little room for fund managers to succeed and grow rich, like they used to. About three years ago, my favorite and often-employed painter indicated some interest in getting into the stock market and specifically getting into the Munder Net Net fund....I recall advising him against that and getting a little more diversified if he tried getting into the stock market at all. Those Munder returns were returning gains that were out of sight at the time, of course--but I was scared of those daily moves in the likes of Yahoo, Excite, etc. God, even the names Yahoo and Excite should have told you someone was on hype-inducing drugs, no? <<gg>>