Do you know what exactly he was talking about? Did he mention the Fannie Mae or Freddie Mac stocks? Or was he referring to the mutual funds that invest in so called "GNMA's" and other mortgage-backed securities?Erik Reuter
Just wanted to post that no I don' t remember what fund they were talking about exactly. I know the differences between bonds and other securities, and I'm sure the radio people do also. Just wanted to add a theory to your question.
Can I ask a question, hoping for a 10 word answer? ;-)
What do you really think of the stock market, the last three years and the last eight? I'll add my answers below.
I really think it was over exuberance, too many people who didn't know what they were doing, seeing 'other people' doing great, trying to make a quick buck themselves. They kept buying and buying thinking everything would go up forever and when it didn't, they wanted to blame everyone else but themselves. Now it's back on a normal course. Okay three years of drops may not be normal. And who knows, the war or another terrorist attack may send it even farther down but with semi clear headed people now in the market, it should be better.
Kevin T.
Just wondering
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