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That explains their performance!
BAK
>> Of course, if enuf fund managers with some moolah to push around
believe in Fibs, well then...
>Not likely. From the days when I worked for Fidelity, I can say that
the vast majority of mutual and pension fund managers >use earnings,
both current and expected to make their decisions. It's pretty tough
to go into a pension committee meeting with >GM and talk about Golden
Spirals. The clients are the corporate world folks who live and die
by earnings. The mutual fund >managers are in the same boat. Their
boards tend to be made up of the same folks sitting on the pension
committees. It's >earnings, earnings, earnings.
>Regards,
>Mike
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