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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (20614)	11/18/2003 2:24:50 PM
From: energyplay	Respond to of 23153

Hi Libbyt - I think you are right about the average buy and hold investor. I expect a few of teh more active investors have moved. Probably more important are finacial advisers and others who have a a fiduciary duty - they have to leave Putnam, or face exposure to liability...

To: Libbyt who wrote (20614)	11/23/2003 4:46:17 PM
From: GraceZ	Read Replies (1) \| Respond to of 23153

Cramer is the very definition of "weak hands". He was wildly bullish a few weeks ago as prices were reaching frothy levels and now he has second thoughts because there is a much awaited pull back, he just sort of sways in the short term trend with little conviction. FWIW I know several people who sold their mutual funds because they reasoned that while they didn't think that the "scandals" were such a big deal, they figured that they would result in others making withdrawals. They sold things like Janus and started slowly buying into exchange traded index funds with the proceeds. They did see the fact that these types of index funds aren't (mis)managed as a bonus. They saw the redemptions as hitting their particular funds, but not necessarily the market as a whole.