Anybody follow this guy...

Hilarious with his commentary.

He's also popular on Seeking Alpha.

"Per Marketwatch it appears the second quarter was another typical performance for the crowd that for the most part appears to be nothing more than closed index funds. [Feb 5, 2009: Mutual Funds Have Tough Decade] But I suppose we should clap a little since the equity mutual fund class a whole was able to "beat" the S&P 500 by 0.7% (-10.7% v -11.4%). I'll break out the bubbly.

Sadly, only 3 funds in the entire equity universe were able to stay in the black for Q2. Gosh, sometimes I wish I were up and running right now ;) Can you imagine the mention in the following story "some no name fund with almost no assets and a pathetic marketing budget was up 11% for the quarter. Due to an inexperienced manager, high cash levels (you call that investing?), a dual focus on fundamentals & witchcraft (technical analysis), exotic strategies such as "shorting", and an inability to stay inside a Morningstar box we warn you to stay away."

Marketwatch: Average Equity Mutual Fund Crumbles 10.7% in Q2


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