Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.050

0.0%

Nov 4 4:00 PM EST

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To: Joan Osland Graffius who wrote (758)	8/6/2003 6:33:59 PM
From: Tommaso	Read Replies (2) of 793

I just bought more BEARX today. At some point I may switch my BEARX over to energy stocks, but I think the energy crunch will also drive down the general stock market--and in any case there is to my mind no question that the bubble is still here. I confess to being very tired of being on the short side of things, but if the Federal Reserve and the banking system are going to continue to undermine the basic fabric of the economy by encouraging spending on profitless consumption, it is hard to be optimistic. You have your CDs and I have (as of this month) a state-funded pension as well as the social security that we both get. With my house totally paid for (though under drastic and expensive repairs right now) I am confident of enough ongoing income to live comfortably, barring nuclear war, which in fact could happen.But I am sure studying hard every day to try to retain and, if possible, increase the rest of my wealth. Looks to me like energy is the way to do this, though there are many pitfalls and deceptions as to how to do that.

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