Mike Stathis

Bill Miller: 'The Worst Has Passed'

BTW, I might have more faith in Miller if he wasn't in denial about his baldness. That combed-over hair look is really sad. Surely with all the BILLIONS of $$ extracted in fees over the years from his Value Trust fund (yes I said billions) you'd think he could afford a hair transplant.

Bill Miller: 'The Worst Has Passed'

Maxe Paul is right. The ONLY problem is that investoer sentiment drives market direction. However, the illusion can only persist for so long before reality sets in. If you understand what's truly going on, you might want to play this rally. if you don't you should sit this one out, wait patiently and get back in after the market corrects back down.

FYI, I have still not altered my position on the financials from a year ago.... www.avaresearch.com/ar...

bynd2009: "Most of these commentators would have looked like geniuses if they had bought GS at 73 and sold at 164 or BAC at 3 and sold it at 12 or if they prefer to play safer, buying PFF at 20 and selling at 32. Mr Miller had to eat crow for the past couple of years but he didn;t beat S&P a gazillion years in a row by being an IQ challenged average fund manager. As best as I could recall, the majority of fund managers fell on their collective faces during a good portion of last 18 months. Thus in stead of spitting venom at Mr. Miller, carefully examine if there is any good in his comments and implement them. If you can beat Mr. Miller, I am sure he will be the first one to complement you. Jul 25 12:40 AM |Report abuse| Link | Reply +30"

I shorted GS at $155, and covered at $75 (documented in writing as an advance forecast). I didn't buy BAC at $3 or any other price (other to cover shorts) because I don't speculate. If I wanted to speculate, I'd play the futures market since the risk-reward is much better than with the financials.

What I did do however, was advise readers to short the mortgage companies, banks and homebuilders in my book (released in Q1 of '07) - Cashing in on the Real Estate Bubble. Clients who listened to me performed by 95% - 200% in 08'. More conservative clients went to cash in mid-2007.

Have a look ... www.avaresearch.com/fi...

Then ask yourself why the media has black-balled me. Figure it out. It's a game designed to screw you. That's why they interview fund managers who pump up their holdings and the SEC never bothers to investigate whether they dumped them after the interview (after the sheep climbed aboard).

Bill Miller: 'The Worst Has Passed'

This post by SA, which apparently was not directly authorized by Miller, is yet another attempt of SA to become the CNBC of the Internet by promoting Wall Street hacks and clueless authors while censoring and deemphasizing articles by the very rare few who actually deliver TRULY valuable insight.

Miller did little more than ride the coat tails of the bull market of the 1990s, while exposing investors in his funds to style drift and excessive risk. For many years, his reckless approach worked; that is until reality hit.

This man has absolutely no idea what is going on, similar to 99.99% of fund managers. Article continues here.....
www.avaresearch.com/ar...