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> Of course, if enuf fund managers with some moolah to push around believe
in
> Fibs, well then...
Not likely. From the days when I worked for Fidelity, I can say that the
vast majority of mutual and pension fund managers use earnings, both current
and expected to make their decisions. It's pretty tough to go into a
pension committee meeting with GM and talk about Golden Spirals. The
clients are the corporate world folks who live and die by earnings. The
mutual fund managers are in the same boat. Their boards tend to be made up
of the same folks sitting on the pension committees. It's earnings,
earnings, earnings.
Regards,
Mike
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