who didnt know that http://finance.yahoo.com/blogs/daily-ticker/lost-decade-bulls-even-worse-perma-bears-154130357.html Tice blows
If memory serves, he sold the fund at the first opportunity during that 2008-09 collapse. Just like Fleckenstein bailout out early in the sharp drop during that brief period. More than anything these guys are marketing first, investor second, just like any other mutual fund. The smarter perma-bears that I know have long ago abandoned the entire notion of shorting stocks and shifted their focus towards owning precious metals. Most of this was learned during that reflation in the 03-07 period.