I have a really stupid question for the thread. But I hope for an intelligent answer.
Some months ago, in his weekly column for the Washington Post, James Glassman wrote about a curious-- whaddayahcallit -- "investment vehicle." I say "whaddayahcallit" because I can in truth no longer remember what it is called. I forgot to clip the article, and am too busy/lazy to schlepp over to the library.
This "vehicle," however, would seem ideal for anyone anticipating a bear market. It is a sort of stock insurance fund. When things are going well, you may get only about 60% of the gains your portfolio would normally earn. But when times are bad, you don't lose a cent (or lose only a few)!
Do any of you know what Glassman was referring to? If so, what do you think of it? (If I come up dry, it's off to the library!)
Thanks.
jbe
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