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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (3093)	5/2/2000 5:45:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 3339

Since the objective of the Prudent Bear fund is to return the inverse of the S&P 500 I'd rather question why some folks think the only measure of success is to be long high priced Internet fluff. Perhaps all mutual funds should rewrite their prospectuses to mimic the Munder Net-Net fund. After all, the bears have been "wrong" for years, and that certainly means they will be wrong forever, at least according to another constant drum beat from the dogmatic faithful. Regards, Barb

To: Dale Baker who wrote (3093)	5/2/2000 10:04:00 PM
From: David W. Taylor	Read Replies (1) \| Respond to of 3339

>> Check out the returns on the BEARX fund over the past few years and ask yourself if you want these folks managing your money. >> Dale, You have totally missed the point of Bear Funds. The returns are there if the market goes in the direction that the investor thinks it will go. Basically no investor who chooses to invest in a Bear Fund expects the investment to give a positive return if the market goes in the opposite direction. They are choosing to have their investment managed professionally for the predicted conditions, rather than trying to master the arcana of puts and options and the like. If the market does go in a bearish direction and the investor is correctly bearish, then the fund will yield a good rate of return. This is now happening for most Bear Funds.