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Strategies & Market Trends : The Stock Market Bubble

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To: Dale Baker who wrote (3097)	5/3/2000 7:16:00 PM
From: Tommaso	Read Replies (1) of 3339

To talk about how bear funds have done in the last two or three years is like talking about how the Russian military had done in the two or three years after Germany first invaded Russia during WWII. Since nobody imagined that Germany would be insane enough to march 3,000,000 men into a country with which they had a non-agggression pact, naturally the Russians did miserably for a while. But happily we are only talking about money. It's true that there are some of us who never imagined that such extraordinary financial follies would be committed again in this century as seventy years ago, let alone follies eclipsing those. But it did happen and, yes, we have to admit we were wrong and P. T. Barnum was right. But these things will correct themselves. And BEARX was up 2% today, exactly the inverse of the Nasdaq. I am sure other funds do even better. With investing, a long-term record of being right of 75% makes you a billionaire, 65% makes you a mutlimillionaire, and 55% right means you are a lot better off than a lot of other people.

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