Quote:
Originally Posted by BUM
On 12/28 another report, just to be on the "safe side" Morningstar has removed the fund from the Analyst's Pick List.
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If I had more respect for M*, that would really concern me. M* is so important for publicity, that you've gotta figure that PIMCO would talk details to M*, showing them how they are perfectly prepared to make the transition if needed.
Maybe M* knows something we don't know.
Then again, me and my portfolio are really, really glad--no, ecstatic--that I never followed their advice. Though not as bad as in the past, they've been great about suggesting one buy high and sell low. Some of their commentary has been way offbase. Though getting better, they're still not concerned enough about expense ratios and internal transaction costs. And, most unfortunately, too much of their data is wrong.
I'll admit I cautiously use their data to help make decisions, but I'd take
everything from M* with a grain of salt.