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 | ContinuedAll Posts Tagged With: "pension funds"
The New Capitalists Were Not Real Capitalists
Of course, as long as stocks went up, the new capitalists didn’t mind or notice that the financial industry took advantage of them. They completely misunderstood what they had gotten into.
May 5th, 2009 | Bill Bonner | 0 comments | Continued