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No Redemption: The Scenario in Which Tech and Growth Sectors Get Much Bloodier
The dollar you put into that tech fund a year ago is worth less than 50 cents. But if money starts gushing out of growth and tech funds, you might be left with a bright shiny quarter.
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Yes, the average tech fund is down some 56% over the last 12 months, according to Morningstar. But most investors haven't yet started yanking money out of the tech and growth funds that bet the farm on the sector. If or when they do, things could actually go from awful to much worse if recent history is any guide. ...
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