Fellow BEARX sufferers - I thought you'd get a kick out of this:
Notice which fund is expected to gain the most. Hopefully Tice won't loose all my money before his fund turns around! :)
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Hot Funds Hot Line, February 3, 1999, 7 p.m.
Good news for the market today: the Federal Reserve elected not to
switch gears and push interest rates higher. In response, the Dow Jones Industrial Average rose nearly 100 points. Once gain, though, the broad market failed to follow through. The average issue on the New York Stock Exchange rose the equivalent of only a dozen Dow points.
The stock market's breadth remains exceedingly narrow, with a handful of very large-cap stocks, technology issues, and Internet flyers attracting nearly all of the net demand. The broad mass of stocks and the majority of mutual funds are either marking time or drifting lower.
Expected Top Performers Next 12 Months
Based on our econometric models, the following funds have the top One-Year Profit Projections: Prudent Bear, a no-load fund, with a One-Year
Profit Projection of +20%; Comstock Partners Capital Value, a load fund, +16%; Putnam Preferred Income, a load fund, +12%; three closed-end funds with a One-Year Profit Projection of +11%: John Hancock Patriot Premium Dividend I, John Hancock Patriot Premium Dividend II, and John Hancock Patriot Premium Select Dividend Trust, +11%; plus two no-load funds, Maxus Income and Leuthold Core Investment, +11%; plus OPTI-Flex Dynamic, a 1%-load fund, also +11%.
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