"[Active managers] Have a once in a lifetime opportunity to do the right thing, regain the trust of the investing public and dramatically outperform the passive index ETFs and the complex that has broken the markets...
They won't get another opportunity like this one. Pretty soon, they will be selling into a vacuum..."
Techstrategy, you're deranged. Fund managers are as clueless and incompetent as naive "investors" like you, and most of them land their jobs for wrong reasons. They don't know what they're doing, but they get to use other people's money.
"Affirmative Investing: Women and Minority
Owned Hedge Funds
In recent years, there have been an increasing number of pensions and other
institutional investors who have expressed interest or started investing in women and
minority owned investment companies. Indeed, such investing is now mandated for
public pension plans by several states, including Ohio, California and Illinois. However,
the debate over these practices remains fierce, while the number of women and
minority owned funds continues to be relatively small, even as demand increases."
From: Barclays Capital's paper: "Affirmative Investing: Women and Minority
Owned Hedge Funds"
Any followers of Fibonacci retracement numbers on board? I'm not a big believer in this hocus pocus but it is very interesting in tracking the Nasdaq that yesterday's close represented 61.4% retracement of the previous day's loss. 61.8% is a key Fibonacci retracement number. Seems like a bearish indicator.
After a couple of consecutive days of being up on higher and above average volume for the first days in a long time on 4/10 and 4/11, Monday was a higher and above average volume distribution day while yesterday was a lower volume up day for the index.