Mutual Fund Companies are Doomed….
October 24, 2008 11:15 am
Here are charts from the largest and most respected mutual fund companies that are publically traded. It seems to us that even as many of these are breaking new lows that there are more problems and a potential for an additional downward move.
Just think about what you have done with your funds lately…. Do you think that they are going to post decent profits over the next coming quarters?
(FYI: We are short a few of these in TDI Managed Growth Portfolio)