MFG in the BUY zone, page-831

it is very simple to explain and this might be the time for some of you understand the concept rather not having the ability to analyse. There are two parts to it.
1. FUM portfolio - You should realise if you cable of thinking that market behaves in different % when you going up or down. Tonight Basic resources, travel, banks, auto , insurance stocks have gone down by 3 to 5 %. This happening in Europe right now and I am expecting same in US tonight.
On the other hand consumer goods, restaurants services, quality technology companies which are making profit now, utilities are down only about 1 to 2 %.
Do you get it? I don’t think so.
2. Next point is based on FUM performance it should flow to MFG share price. Now we know for some time MFG SP is not co-related to MFG FUM. This reasons we have discussed enough, basically Hamish taking a conservative view.
Until investors start giving him credit for the way he has managed his FUM, MFG share price is going to lag behind the others.
Over next few weeks and months this will become even more apparent to the investors as MFG funds will be out performing the balance of the market and indexes. Remember I said out perform will be in a decreasing market. just to put in simple English MFG FUM will also come down but less than others