Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.060

-1.5%

Nov 10 4:00 PM EST

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To: Giordano Bruno who wrote (433)	11/5/1998 7:43:00 PM
From: Tommaso	Read Replies (3) of 793

Amazingly, BEARX was up a little today. I just replied to a private message from a worried BEARX holder by repeating that, yes, I am holding on. I think that the Fed has accidentally re-inflated the bubble by what they meant as a pre-emptive move against deflations. This may mean that the ultimate collapse is deeper, more prolonged, and more damaging to capital markets than ever. Back in June I told an unhappy camper that anyone who felt that way should bein cash and not BEARX. He sold out and a few days later BEARX was up about 15% or more. But nothing repeats exactly. I do think something really drastic is going to happen.

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