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Article: BULL MARKET IS MORE BEARLIKE FOR VALUE INVESTORS.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- July 25, 1998
CopyrightCOPYRIGHT 1998 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Chet Currier Associated Press
NEW YORK -- In the midst of a wild bull-market party on Wall Street, people who follow the strategy known as value investing aren't doing much dancing.
Their practice of buying out-of-favor stocks and patiently holding on to them simply isn't paying big rewards right now, at a time when the financial climate favors big, established growth companies and the romance of the Internet.
``We're so-called value investors, and value has not helped much in this momentum investing era,'' says manager Jean-Marie Eveillard of the SoGen mutual fund family in New York.
Most professional investors live or die in ...