Tuesday, January 23, 2007

Does Your Fund Manager have faith in Hugo Chavez?

“Jan. 23 (Bloomberg) -- Pacific Investment Management Co., ING Groep NV and Axa SA, the three largest owners of Venezuelan dollar bonds, have faith in President Hugo Chavez. “

Tell me when to stop laughing …..

Or perhaps the title should read a “fool and his money are easily parted” or maybe “many fools and their shareholders money are easily parted” I am recommending all clients sell these funds today .This strikes me as a bit over the top irresponsible and just plain stupid.

My clients will be selling these funds all day

James Foytlin
1(866)492-3959

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