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Re: tigertrader post# 4324

Monday, 10/26/2009 3:48:36 PM

Monday, October 26, 2009 3:48:36 PM

Post# of 12137
Yep and no fund manager in their right mind is going to say "sell" at this point because they would probably lose their job and clients, even though at this point "for the long run" it is probably in the best interest for the clients to do so. It's pretty scary because the longer the rally keeps up, the more people start to think there is less of a probability the market will turn down, when in fact the probability increases.

If they advise clients to get out and everyone makes money then the company or fund loses clients and manager loses job, but if they lose when everyone loses well then they still keep clients and their jobs. Managing money is easy these days, just do what everyone else is doing, there is no real formula or analysis needed. LOL!
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