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Are Small Caps Sending A Warning About The Market ?
I realize one doesn't want to lead the audience too much, but those of us who have relatively little time to examine the multiple offerings on MFO could benefit from some rating system for these posts of the importance the poster attributes to the post. (Stars or whatever) The post suggests relatively little (seemingly implying, I think, that there may be more upside), but the comments refer to the 80+ PE for RUT suggesting a market top.
Do you have an opinion that led to this post, Ted?
My small cap funds have a PE under 20, so they may crater less, but avoiding a market drop is more significant, and I'm always willing to listen to rational comments(not that I make any myself).
My own small-cap (MSCFX) fund has over the past couple of months retreated from an all-time high, but not significantly. And my own earnings happen to somehow be much better than the performance numbers for the fund posted at M* over the past 1-year period. I suppose that's because cap gains and whatever other one-time, end-of-year pay-outs there are, are not included in their calculations (?) http://quotes.morningstar.com/fund/f?region=USA&t=MSCFX
Comments
The post suggests relatively little (seemingly implying, I think, that there may be more upside), but the comments refer to the 80+ PE for RUT suggesting a market top.
Do you have an opinion that led to this post, Ted?
My small cap funds have a PE under 20, so they may crater less, but avoiding a market drop is more significant, and I'm always willing to listen to rational comments(not that I make any myself).
http://quotes.morningstar.com/fund/f?region=USA&t=MSCFX