Mutual Funds Getting Killed ~ market folly

Thursday, August 28, 2008

Mutual Funds Getting Killed

The Stock Market is kicking ass and taking names (of fund managers everywhere).

"Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date, according to investment researcher Morningstar Inc."

Source: MarketWatch


Mark said...

FMA Meeting

Mark: Hello my name is Mark and the Stock Market has taken my Name

Fund Managers: Hello Mark

*FMA = Fund Managers Anonymous ;)