Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Yes, many money managers that have been used to getting it right, have been on sidelines for a few years now. Tough bruise to the ego then to watch the market rise daily. And then there is the usual lashing out at the market's stupidity. Human nature I suppose.
"I personally believe the market is ready for a pull-back after front-loaded returns, lackluster earnings and continued downward revisions to GDP forecasts at home and abroad." (Reeves) ... I think he's put it very well.
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