The principal is actually very simple: pension plans behave like long- term momentum investors. So they tend to buy into rising markets…until after those markets have peaked and begun a major decline.
October 16th, 2009 | Eric J. Fry | 2 comments | Continued
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The Markets
All Ordinaries 4318.900 0.000
S&p/asx 200 4242.800 0.000
China Shanghai Co 2344.771 -7.084
Gold Sep 11 0.00 0.00
Clj11.nym 0.00 N/A
Nikkei 225 9052.07 +52.891
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S&P 500 1344.21 -7.56
Ftse 100 5899.87 -5.83
2012-02-14 00:39 Most Comments
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