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Strategies & Market Trends : Investing during a Bear Market -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (136)	11/11/1997 6:06:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 226

What a fantastic chart! Just what I wanted! If I could send a bottle of brandy by e-mail I would. Well, that shows more vividly than anything else what some of us are hoping for in buying BEARX and shorting SPY. It also shows what will happen to us if we are wrong. Caveat emptor. Let the buyer beware. Or in this case, let the buyer be bear.

To: Snowshoe who wrote (136)	11/11/1997 6:15:00 PM
From: Investor2	Read Replies (2) \| Respond to of 226

RE: "One-year comparison chart of SPY, MDY, BEARX, and RYURX..." Nice chart, thanks. My thoughts on the chart are: 1. Are you implying that past performance can be used to project future returns? If so, buy SPY. 2. Niether of the "bear funds" have declined as much as the S&P has gone up. (I suppose that is because they have some of their money in cash equivalents? Or are they slightly hedged to protect against market rises?) 3. Given comment 2, above, is there any information available on the degree that the "bear funds" will mirror the S&P in the case of an extended market decline? Will their % increase in share price be the same as the % S&P declines? Half as much? Twice as much? Thanks for the chart, I2