[quote=barnaby33]I wish I had access to my outlook email right now, its on my work machine. The email I got yesterday afternoon from our 401k fiduciary would set you straight. You see Davelj, you have a brain, most of the world does not. It has hope and a 401k. Those people literally can’t get out of the market, because the Bill Millers of the world won’t let them. [/quote]

I suppose you’re right. As I occasionally remind folks, “Hope is not an investment strategy.”

And speaking of Bill Miller, I noticed recently that his super-magical mutual fund, which was near the top of all equity mutual funds in performance for the previous 3,5, and 10 years as of year-end 2006… now is near the bottom for all three periods. Oh how the mighty have fallen. Actually there have been rumors that he’ll be canned shortly. God I hope so. One more bull market relic taken out to pasture.