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

To: ild who wrote (15982)	6/29/2004 1:07:27 PM
From: mishedlo	Respond to of 110194

good question. Perhaps no one has any money. M

To: ild who wrote (15982)	6/29/2004 2:04:23 PM
From: Knighty Tin	Respond to of 110194

ild, I think the fund inflows are a sure sign it's Summer, and that AG still has the whole world hanging on his every belch, fart and tickle. Nobody wants to buy until Easy Al.Com punishes us with a .25% rise in rates. Then, the coast is clear for rally, rally, rally. I don't think the scandals meant much to flows. I do think they meant a lot to which funds got the flows. Something like 80% of funds sold by brokers today are American Funds. And why not: low fees, good long term performance and no scandals. Their mgt. style is like watching paint dry, but, hey, sometimes boring isn't the worst thing in the world. Janus used to be the top money grubber, but their scandals and departing managers have cut their flow to a trickle. And performance has been good the last 18 months or so. So, I predict that fund sales start up again Thursday and American gets the lion's share.