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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (4039)	3/22/1999 3:00:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

Wally re:fund mergers I don't know if the article made the point but this is the reason why the indexes actually outperform managed funds even more than is apparent if that can be believed. Index funds never fold up or merge for bad performance but managed funds which get dismal performance have a tendency to fold up or merge and their drag on overall managed fund performance thus gets hidden. I guess that's just another reason I dumped MNMCX recently who already had lousy recent performance and is absorbing the even much worse small cap opportunities fund at that family. With so many people pulling out money from small cap funds it's hard to think of small caps coming to life soon without a shock to the market of some type Marc

To: Wally Mastroly who wrote (4039)	3/23/1999 9:11:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Just thinking out loud.. I wonder if DOW 10,000 is becoming a "ceiling " for the whole market? - due to high valuations... Or as MrGreenjeans has said: "S & P has been unable to get above 25x earnings" We are in "warning" season. An earnings warning by a couple of big stocks could inject a little more fear to an already nervous market. (Of course, one could point to the warning season factor almost every quarter lately....) Do I smell possible buying opportunity on the horizon? Or maybe it's just wishful thinking for someone looking for a few bargains?????