yank

Where the Big Money Is Betting Big

Insider:
Let's be clear about Pickens returns. Yes, he lost billions in the last two years. Not mentioned however is that from 2001-2006 his fund delivered triple digit returns. Let's be fair here.

Yank


On May 16 09:06 AM Insiderman wrote:

> "Of course, the big money isn’t always the smart money. After the
> tech bubble burst, the big money was decimated. The average mutual
> fund was getting crushed. Most were losing money between 2001 and
> 2003. During this time, the big money was not smart money."
>
> This paragraph makes no sense in the context of your article. The
> BIG money isn't in mutual funds.
>
> Mutual fund managers almost always have a mandate to invest their
> funds in a particular way; that is, if they were "high tech" funds,
> then they had to be invested in high tech (with wiggle room to be
> some proportion in cash). The mutual fund companies fired up funds
> with a new tech mandate after venture capital companies started bringing
> companies to IPO stage. The BIG money made more big money when they
> sold share through the mutual fund to the "herd" of sheep.
>
> Now there IS big money that isn't necessarily smart, and sometimes
> even if they are smart they are too early or too late to the party.
> T. Boone Pickens just lost several BILLION over the last few years.
> Warren Buffett lost his mind over the last few years (well, he was
> an Obama supporter). Anyway, some might say he was a bit early to
> the party... but he always has been.
>
> Anyway, don't confuse BIG money with big piles of money from small
> investors.

Burst Bubble? Commodities' Long-Term Story Remains Intact

Davy:
Right on with your analysis. I have to just laugh when I hear that everyone expected a full point cut and when he "only" cut by 3/4 of a point that was the all clear sign that the USD was on the way back up and commodities were dead. Gee, I must have missed that kind of torturous logic in Deductive Reasoning 101 in high school. Listen up you brain surgeons. Ben cut by 3/4 so he could keep some ammunition for further cuts in April and June. Wow, these people are dense, Davy. They just don't get it. It is NOT the time to pile back into Financials, Retail, or Tech. They are all dead money people. The commodity bull is far, far from over. The uptrend in commodities is clearly intact (Louise Yamada said as much this week). And as for the bold pronouncement that oil demand is dead. Please spare me the idiocy. A decline of 0.1% in one week (yoy) is NOT a meaningful trend people. Did anyone also consider that in February we had some of the worst winter weather in over 25 years and that maybe people don't drive as much when they are shoveling snow out of their driveways? I just marvel at all this stupidity. Commodities will recover this week. You can count on it.