There is some moron on my TV trying to explain how his fund pulled off 25% in the half year...
of course... the market since bottom is up 40%.
and demanding that "It's a stock pickers market" and investors will want active management.. after they see the underperformed of 15%...
then his thesis is that what little money they have they will want to sink into the market.
Cause right? the market is going up another 40%.... in the next half year..... and we will be back to flat by next year at this time right?
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, June 30, 2009
LOL
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