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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (9271)	10/3/1998 10:41:00 PM
From: Sandra	Respond to of 29382

Max, Great! Thats the spirit!......Weve all taken our hits, and you never know when the next one will come! This market has been very brutal! As far as Bear Sterns goes...hey, you never know the games shepherds play to make their sheep follow!....I believe alot of tax loss selling is going on right now with institutions.....imagine when all that money comes back into the market again....oh, and of course it was the individual investor who led the markets back last time this happened....so, maybe if that strategy is correct again....we become the shepherds, that lead the sheep <institutions> back to the green pastures! >gg<...... Have a good Sunday! Sandra

To: LTK007 who wrote (9271)	10/4/1998 7:14:00 PM
From: Sergio H	Respond to of 29382

Ola Max, looks like even them Harvard boys have been taking a hit, and I thought that they were so smart <g>. Stock drop cost Harvard's endowment more than $1 billion Associated Press, 09/24/98 13:25 CAMBRIDGE, Mass. (AP) - So you think you've taken a beating on the stock market lately? Harvard University's endowment lost about $1.3 billion. Harvard Management Co., the university's investment arm, said in its annual letter that it had lost approximately 10 percent of the university's $13 billion endowment since July 1. ''We are prepared for the possibility that things will get worse before they get better,'' the letter continued. Harvard has the largest university endowment in the world. The 10 percent drop in Harvard's holdings is about the same as the drop in the Standard & Poor's 500 index for the same period. But Harvard has objected to using that index as a benchmark, saying it does not really represent the university's holdings in stocks, bonds, real estate and other investments. Harvard Management president Jack R. Meyer said he was particularly disappointed that the company was nearly 3 percentage points behind its own benchmark for the last 2 months. About 30 percent of Harvard's assets are in foreign securities. About 9 percent are in emerging markets. ''We are actually in good position,'' Meyer told The Boston Globe on Wednesday. ''We have no operational problems, no pressure to unwind our positions. We are going to do very well.'' Harvard Management said it had a return after fees of 20.5 percent for the year ended June 30, compared with a return of 25.8 percent the previous year.