Please don't scare me like that again. PGVFX is down "only" 20.91%. It is funny how funds with high "bear market" ranks on M* are stinking up the place in this..uh... BEAR market !!!

I think I said this before. There are very few true geniuses. There was a time when "growth" meant tech. And then we started hating growth. We loved the value guys. Now it would seem "value" meant financial for the most part. And we see how well that's turning out.

Wonder who the value funds managers are going to blame if the market take a turn for the worst. More importantly, given that the dot com bust is still fresh in peoples minds, where are investors going to invest now? Perhaps the time for "global allocation", "target", "real return", "absolute return" and "all cap" funds is here? At least that's how I'm thinking. At least my manager then has no real excuse for stinking up the place.