From: "Gary Britt" 

See my post to Robert Comer on this point.  I've explained so that even a
novice like yourself can understand.  What any specific fund is buying or
not buying is irrelevant to the point that I made and which your lack of
understanding keeps leading you to divert the discussion away from with
these irrelevancies.

If the entire market of all funds and analysts, etc. collectively thought
the oil companies were extra profitable then they collectively would be
buying sufficient amounts of oil company stocks to bid up their share
prices sufficiently to cause their price earnings ratios to rise above the
norm for most companies, which hasn't happened.

Its all explained in my long post just put up to Mr. Comer.  Read it. 
Print it.  Memorize it.  Think about it, and try to actually gain some
modicum of understanding of just how unknowledgeable you are about stocks,
business, and markets.

Gary

"Bill Lucy"  wrote in message
news:MPG.1e0b57461797f5e98977a{at}news.barkto.com...
> In article , email{at}from_Gary_Britt.org says...
> > Retirement systems invest for safety and not so much growth, and managed
> > funds aren't buying oil stocks today.
>
> Wrong. Absolutely, positively everlasting.
>
> If you have access to Principia or ICE, you would find that there are
> quite a few managed funds are buying oil stocks today.
>
> I just checked one balanced mutual fund I've followed for years. There
> are two oil stocks (1. Exxon Mobile and 8. BP) in its top ten holdings,
> and its two largest buys in the 3rd quarter were oil stocks (Exxon
> Mobile and Chevron).
>
> 

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