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

To: Syd Deem who wrote (420)	10/21/1998 4:00:00 PM
From: Mosko	Read Replies (3) \| Respond to of 793

syd, You didn't miss your chance if you jumped back in today! I added some more today myself. I had trimmed back 2/3 of my BEARX early last week thinking we would get a temporary rise due to options exp. week. Little did I know it was going to turn into a rate cut week! Interesting statistic: The last time there was a major world deflationary environment the fed cut a total of 4 1/2 % over a 2 year period (1929 - 1930) and the DOW dropped 70%. They were on a gold standard, true, but this is still an effort in monetizing their way out of this which is bound to fail. I don't know if anyone has posted this yet, but it's a cool site: princetoneconomics.com Check out: "Lower rates: Bullish?, Or Bearish Omen of What is Yet To Come" Mosko