Coupon Clipping

How was your January?

If you run a hedge fund we hope it was good...string together a few bad months and they will take the money away. There are no free passes on Wall Street. But even legends can struggle from time to time.

Bill Gross is off to a tough start this year...but he has good company in the bottom-decile. Bill Miller is lucky to be in the Large-Cap Blend Box...if he was in the Large-Cap Value category his relative performance would look even worse. Over the last few years anyhow...we like to look at three year numbers.

Maybe Amazon’s (AMZN-NASDAQ) numbers tonight will bail Bill out. But he needs to get it in gear...the mainstream will be on his case by the end of 2008 if he remains a cellar dweller.

These guys will probably right the ship at some point. And they can live off goodwill...unlike most managers. 

Thankfully we don’t have any dogs in our contest against Dagen. Tom Marsico is off to a great start this year. Denver is rocking again. Is growth back?

The worm might have turned, but there are always plenty of dogs on Wall Street in need of euthanasia.

Tommorrow we will send another mutual fund dog to the big kennel in the sky...after seeing these numbers you will never look at a chihuahua the same way.

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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No positions in any funds or stocks mentioned .

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