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Pastimes : Prudent Bear Fund (BEARX): contrarian investing
BEARX 4.100-1.0%Nov 26 4:00 PM EST

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To: StaggerLee who wrote (384)10/9/1998 8:44:00 AM
From: Tommaso  Read Replies (1) of 793
 
Twice in this century the "blips" have lasted 2-4 years, and the recovery from them has taken 10-20 years.

In the context of the market decline, "short term" and "long term" mean for me 2-4 months and perhaps a year. I am discussing BEARX and not a diversified equity fund that, when purchased at reasonable levels (i.e. half of current valuations) one can hold for a decade or more. In fact, I hold a diversified group of closed-end funds that I bought about twenty years ago, and also some blue chips that have appreciated so much that the tax bill would be enormous. I have short sales against those to lock in profits.

What has been your experience with this "blip?" What are you invested in?

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