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To: Jon Matz who wrote (12579)	12/30/1997 7:11:00 PM
From: robnhood	Respond to of 18056

To All,,,PBS @ 9 EST,,,Frontline ,,has a market story on... russell

To: Jon Matz who wrote (12579)	12/30/1997 8:12:00 PM
From: Tommaso	Respond to of 18056

They have been shifting more into puts on the S&P lately and probably took a big hit on that. I have never thought of BEARX as a day-to-day or even month-to-month trading vehicle, but rather a a commitment to perception that by all measures (dividend yield, P/E, book value) the U.S. stock market is terribly overvalued. I have not enjoyed these end-of-the-year rallies. But in fact when I jumped in with a guess on the Kahuna thread as to the high, low, and ending prices of the Dow for 1998, I predicted a high of 8100. So as unpleasant as it is to sit there with a declining position, I am ready to do so. I am much more afraid of missing the decline when that fianlly comes. I think my guess ofr the low and the end for the year was on the order of 5500. Gee I better go see what it was. I just offered it as a whim since no one can predict these things very exactly.

To: Jon Matz who wrote (12579)	12/30/1997 9:03:00 PM
From: Simon	Respond to of 18056

<< what are your thoughts?>>> I wouldn't go looking for Bonnie Bear at the moment. She probably has a migrane!

To: Jon Matz who wrote (12579)	12/30/1997 11:03:00 PM
From: Investor2	Read Replies (2) \| Respond to of 18056

RE: "I'm in shock, what happened to BEARX today? Down 4.56% with the Naz only up 1.8%. You seem to have the best lowdown on this fund, what are your thoughts?" I really don't know, but, this time of year, the first thing I suspect when a mutual fund drops significantly in one day is that the fund made may have made a distribution. Best wishes, I2