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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: el_gaviero who wrote (1168)10/1/2003 9:19:42 AM
From: bozwood  Read Replies (1) | Respond to of 110194
 
Sorry, but what a bunch of crap.

"They also know very well that they will lose their jobs if their funds tank."

Not true. If they (mutual fund managers) do well on a relative basis, they keep their job and probably get a nice bonus.

"I even think that there is a vague sense of community among fund managers. They know they are dependent on each other."

Where do you get this stuff? Managers COMPETE against each other and if you think they sit around conspiring to somehow keep the market up, you are more naive than your post would suggest.



To: el_gaviero who wrote (1168)10/1/2003 9:24:01 AM
From: russwinter  Respond to of 110194
 
Well put, the "sauf qui peut” mentality rules, except to say, it won't take much to set it off right now. I also see fund managers as soup can manufacturers (anybody know the French for that?). When the money comes in from Joe and Martha Public, their job is to put the labels on the cans, and vice versa when Joe and Martha leave (in the Valley of Death).