SHEEP


"You know why most fund manager's can't beat the S&P 500? Cause their sheep." ~Gordon Gekko

Fund managers tend to read the same research, listen to the same guys, and basically do the same thing. There's only 500 stocks to invest in and since their all compared to each other there's a lot of pressure to be in the winners. So these guys have a tendency to window dress their portfolio's at quarter end to say, "see, we were in XYZ, hottest stock on the Street." and drive the price up to inflate their returns.

Here's a breakdown of the best/worst performing sectors since June:

Consumer Staples (+8%)
PG (18%)
MO(15%)
Utilities (+7%)
TXU (13%)
DUK (5%)
DOM (-19%) interesting
Health Care (+4%)
JNJ (5%)
PFE (17%)
Industrials (-4%)
UPS (-12%)
MMM (-13%)















~from Tickersense.com