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Stephen McKee, editor of the No-Load Mutual Fund Selections & Timing newsletter, says that current headlines have shown why investors want to look for market momentum, rather than value, and suggested that investors are much more likely to find buying opportunities in gold and natural resources funds, contrarian and hybrid funds - the latter helped out by a slug of bonds in the portfolio - and some international issues, although he noted that it appears that foreign funds are starting to slump and lose momentum. In a radio interview, McKee said that "What matters is 'Am I making money today for the risk I am taking?'" and said that investors in great funds that are out of favor with the market will answer that question and realize that it may be time to move away from some old favorites.
