Posted on 10/06/2009 1:41:50 PM PDT by blam
Vanguard Cautions Investors On Rally
Oct. 6, 2009, 4:25 p.m. EDT
Sam Mamudi, Market Watch
Don't be taken in by this year's robust gains, fund firm warns.
NEW YORK (MartketWatch) -- Many mutual funds are poised to celebrate stellar returns this year, but one fund firm is going out of its way to warn investors not to get too giddy.
Vanguard Group issued a cautionary note on Tuesday, emphasizing that strong third-quarter gains don't mean it's time to go overboard on certain areas of the market.
Investors Brace for Earnings SeasonMichael Cuggino of the Permanent Portfolio Funds says the coming parade of quarterly earnings reports will go a long way toward determining whether a solid economic turnaround is taking shape. Interview by MarketWatch's Stacey Delo. "While it may be gratifying to see these robust gains lift the balances of your funds, the markets have 'come a long way in a hurry,'" the fund giant told investors.
"At this point, it may be wise to ensure that your asset allocation is in line with your long-term goals," said Vanguard, in the note entitled "Strong 2009 performance warrants yellow flag."
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(Excerpt) Read more at marketwatch.com ...
hey, I hope for all our sakes it keeps going up, but it’ll do so without my money. I’m out of the market permanently.
At least they are showing some sense. On the other hand, the Minerals would not have their money with people with no sense.
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