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InvestorDeb (71.58)

Tice Sells Bear Fund

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July 15, 2008 – Comments (1) | RELATED TICKERS: FII

Federated Investors announced today that it is buying the Prudent Bear Fund from David Tyce. Could this be the ultimate sign of cashing out at the top for Tice ala Stev Scwarzman, who sold Blackstone to you at the peak if the PE euphoria?

http://www.marketwatch.com/news/story/federated-buying-prudent-bear-prudent/story.aspx?guid=%7BF20F91BB-9858-4A53-9DA7-63915E18F722%7D&dist=hpmp

I hope this will signal a turn in the bear's current winning streak..

Foolish Financial Freedom for ALL (even those pesky bears...),

Deb

1 Comments – Post Your Own

#1) On July 16, 2008 at 12:10 AM, camistocks (< 20) wrote:

This is really funny! Even Doug Noland has been "included in the package". David Tice was a Perma bear since 10 years ago, and his fund did terribly over the long term. It didn't even take advantage of the current bear market...

 

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