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Friday, July 26 | ||||
Pain Proxy
(Fidelity Funds: Growth & Income, Contrafund, Magellan)
It's useful to look at how the largest mutual funds are doing to see how much pain the public is feeling. I've featured in the graphic above how the three largest Fidelity funds have done since the market top, and as you can see, it ain't pretty. I wish I had access to Fidelity's daily cash inflow/redemptions data... the contrary indicators I could develop from those numbers would be fascinating! |
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