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Chuck Jaffe: Think Twice Before You Invest In A Bear-Market Fund
FYI: dDoomsayers, the guys who believe that every breakthrough is one step closer to a turning point.
As a result, a raft of prognosticators has come out in the last few weeks saying to expect everything from a mild downturn (buying opportunity) to a reason to protect profits and move to cash to a looming decade of financial pain and misery.
I think chances are now high for a market correction of 60%. I think next buying opportunity is 2017.
Lest anyone asks I have right to pull out stuff from my behind just like anyone else. I can point to S&P 500 returns for last 5 years and say it always pays to be fully invested in the market.
Now let me go find out what a "bear market fund is". If its HSGFX, maybe I should buy more. If it is BEARX, I need to think.
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Lest anyone asks I have right to pull out stuff from my behind just like anyone else. I can point to S&P 500 returns for last 5 years and say it always pays to be fully invested in the market.
Now let me go find out what a "bear market fund is". If its HSGFX, maybe I should buy more. If it is BEARX, I need to think.