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Pastimes : Prudent Bear Fund (BEARX): contrarian investing
BEARX 4.0800.0%Nov 6 4:00 PM EST
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To: Hawkmoon who wrote (681)2/23/2001 9:45:52 PM
From: Tommaso  Read Replies (1) of 793
 
Stocks are still very far from having sunk to a level where prospective gains or payouts from future dividends justify their prices. It's still a huge lottery, except for energy stocks where there is tangible value.

It may take another year ot two to chop things down to size, and maybe more. And then it may be several more years before the stock market becomes a place toput money. The Grand Illusion is still in place.

Sorry to disagree with you, but wonder how you took an interest in BEARX if you are a bull!
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