It's a classic rotation away from everything that did well in 1998 and the first quarter of 1999. Everything that did lousy in that time has picked up.

In the first half and early in the third quarter, our defensive rotation was a little slow. Aledo has one of the most potent offenses in the Olympic Conference, but if your rotation is good, then they can be stopped. If your rotation is not good, then they will cause you a lot of problems, and that's what happened to us.

I would say it's a dueling trend that retail mutual fund companies are starting hedge fund like vehicles to retain that talent. That is a weapon in a fund company's arsenal.

You don't want a fund that had its best years with $5 million in assets.

They rack up records and don't get noticed.

Internet-heavy funds took some of the biggest hits yesterday, but most people watching the tech area have long thought that there's probably been some froth among those stocks.