One of these days my BEARX holdings are gonna pay off ..

[Jackpine Radical]

{Prudent Bear} now sees trouble ahead for the U.S. housing market. This in turn poses the risk of a long-term bear market for equities, he believes.

...

That trend, fueled by rounds of cash-out mortgage refinancing that have propped up consumer spending, will give way in 2006 or 2007 to a vicious cycle that drags down corporate earnings and employment, he said.

As a result, the Prudent Bear fund has been short shares of Fannie Mae (FNM.N: Quote, Profile, Research) , the largest U.S. home lending company, and is downbeat on the housing and mortgage business in general.

...

The Prudent Bear fund's other short holdings include struggling automaker General Motors Corp. (GM.N: Quote, Profile, Research) and Plantronics Inc. (PLT.N: Quote, Profile, Research) , which makes portable headsets.

As a hedge to the fund's short bets, Prudent Bear is long on a number of gold and precious metals equities. Surging gold prices, which recently neared a 25-year peak, are often a leading indicator of financial systems falling into disrepute.


http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh20882_2006-01-03_18-40-36_n03180609_newsml

[T Roosevelt]

1. Looks like your day is coming

Unfortunately (?) ;-)

[Hokie]

2. I have owned BEARX for a few years

Not enough to help when th e bloodbath comes but at least I will have one winner.