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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (37256)	11/23/1998 2:49:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

Well, I have an order in to buy more BEARX, this time for my cash account, which should be executed follwing the close if Quick and Reilly online trading really works for mutual funds. If you haven't followed it, this is Prudent Bear Fund, which was up about 40% when the market was down 20%, and vice-versa. Well, what do I sound like? Scared? Overoptimistic? I am pretty sure I am not smug. Am committing about 20% of available cash and will continue in 20% increments if the market continues up. Am still about 30% of total net worth in FDIC-insured cash, about 20% in BEARX (these figures include home equity but not pension funds). The rest is tied to oil, gold, and silver in various vehicles and a few marginal speculations. In other words, I am diametrically positioned against almost every recent trend, but in a way that will not wipe me out (no uncovered shorts except a small SPY short). So here we go. I am getting that grim feeling I had when I was totally long on the market by the end of 1974, and would sure enjoy repeating the feat of increasing net worth by 75% in about a year.