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5/23 |
2007/5/7-9 [Finance/Investment] UID:46539 Activity:nil |
5/7 http://www.thestreet.com/_realtime/funds/fundmorning/10354751.html Bear fund manager predicts Dow will fall "at least 50% ... I think this is a topping pattern. We think it's probably three to six months away" Fund hoards gold and shorts the market, has miniscule 0.55% and 0.60% 1-yr and 3-yr annualized returns. \_ Uh, if he is right, what should we do? CDs? MM? ING/X Direct? \_ You should diversify regardless of his predictions. Put some in bonds, CDs, index funds, metals, energy, real estate, and dot coms. I'd bet energy would be a big gain in the next few decades or so. \_ Buy his fund, of course! Aside from that, can you get Euro CDs? If the dollar tanks US CDs might not be a good idea. \_ Quick! Short GOOG NOW! |
5/23 |
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www.thestreet.com/_realtime/funds/fundmorning/10354751.html Feuerstein's Biotech-Stock Mailbag Trading Center Global warming must be affecting the stock market as well. Bears of any kind are being wiped out left and right, and they're nearly extinct. Prudent Bear (BEARX) -- which, if my schoolboy Latin is correct, might also be known as Ursa Prudens. It's been more than 10 years since Dallas-based investment manager David Tice launched this mutual fund to hoard gold, short the market and prepare ordinary investors for the coming economic Armageddon. Does the market's seemingly inexorable rise shake his conviction that it's going to collapse? The Dow, he predicts, will fall "at least 50%" from these levels, and he says the market is only months away from beginning a sharp decline. "We think it's probably three to six months away from a significant decline." At the tail end of credit excess it just gets crazier and crazier. It sucks people in, and it's an extremely dangerous scenario." The Bear Is Only Resting 3/12/2007 8:15 AM EDT Don't mistake recent stock strength for the bears' permanent hibernation. In keeping with TSC's editorial policy, Brett Arends doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. Arends takes a critical look inside mutual funds and the personal finance industry in a twice-weekly column that ranges from investment advice for the general reader to the industry's latest scoop. com in 2006, he worked for more than two years at the Boston Herald, where he revived the paper's well-known 'On State Street' finance column and was part of a team that won two SABEW awards in 2005. He had previously written for the Daily Telegraph and Daily Mail newspapers in London, the magazine Private Eye, and for Global Agenda, the official magazine of the World Economic Summit in Davos, Switzerland. Arends has also written a book on sports 'futures' betting. |