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Pastimes : Prudent Bear Fund (BEARX): contrarian investing -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (682)	2/24/2001 11:20:53 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 793

I'm looking for places where the Mrs can safely trade out of long position and make money on the downside. She's not much for options, and she doesn't go short, so I've been watching BEARX as a contrarian fund when markets are severly overbought/overvalued as they were last year on the Nasdaq. Btw, I don't really wish to get into a running battle about stock valuations in certain sectors, but suffice it to say that I watch money flow, and how it flows to the source of liquidity. There was ton of stock coming onto the market at high valuations and money flow was not sufficient to support it. However, we're back at Oct, 1999 lows on the Naz, and I don't see it breaking 2000 support (which would become a right nasty resistance leve). Now if AG doesn't quickly undo the damage he has caused by hiking interest rates so high in a period of low inflation last year, you all might have a case. But I don't have the sense that anyone's going to permit that. Afterall, the Feds job is to preserve and moderate economic activity, not shut it down completely, or permit it to run rampant. Regards, Ron