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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (84289)	10/16/2000 8:27:00 PM
From: BGR	Read Replies (2) \| Respond to of 132070

Terry, Over the last 2 years bearx went from 7.19 to 4.25 per unit, whereas S&P500 went up from 1056 to 1375. Let's assume a hypothetical bearish investor had 1000 dollars to invest two years back. 1. If (s)he put the money in bearx, (s)he would be left with 591 dollars. 2. If OTOH (s)he shorted 1000 dollars worth of S&P500 by putting his/her original investment as colateral, (s)he would be left with 698 dollars. IOW, even for a bearish investor simply shorting the market index has been more profitable (or, less unprofitable ;-)) than going long Tice's fund. Just as it has been for bullish investors who simply went long the market index. Now go back to the CFZ thread to laugh about market indices! -BGR.