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Strategies & Market Trends : Stock Mania ! - Mutual Funds that can short.

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To: peter n matzke who wrote (2)4/30/1998 4:11:00 PM
From: kahunabear  Read Replies (1) of 129
 
Peter,

I called Profunds today and they said they are trying to get 200% inverse movement with the S&P 500 in their UltraBear fund. 100% on their Bear fund. I haven't received the prospectus though. They are backordered. Does that mean the UltraBear fund would be worthless if the market goes up 50% ??? Sounds a little scary, but what a place to be in bear market.

Thanks,
WS
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