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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (68999)	2/18/2001 7:06:45 PM
From: Percival 917	Respond to of 436258

Evening Bobcor, As a reformed clown, I can appreciate your thoughts. It was straightforward in your eye kind of post but effective. You hit home with the statement about the fact that we haven't engineered away recessions. We will have them to deal with them as well with the good times. I am afraid this recession is not going away anytime soon. Later, ED

To: Perspective who wrote (68999)	2/19/2001 6:43:36 PM
From: Dave	Respond to of 436258

All well said. I want to add that you don't have to be a daredevil short-seller in an Evel Knevil crash suit to profit from a down market. I've had a sizable piece of my IRA (in which I can't short-sell or buy options anyway) in the Prudent Bear mutual fund, BEARX. It's up 30% since I bought it last year, and it is positioned to do very nicely when the S&P 500 finally starts to take some shrapnel from Nasdaq's implosion. I've also got a smaller position in BGEIX, which mirrors the XAU.X gold fund. That one has not been doing so well, but in the event of some Seventies-Style Stagflation, it could raise its tired head and go nuts. However, half of my IRA is sitting in its sweep fund (government funds, because they're less exposed to PG&E than money market) waiting for a bottom. I'm waiting until a time when nobody talks about the stock market except to swap wistful stories about how close they were to Stock Market Millions back at the Turn of the Millenium. I expect this to happen several years from now, not next month or the month after that. Dave