Bears refuse to cry uncle just yet.

Investment News, June, 2000 by Benjamin, Jeff

They shrug off week's record Nasdaq gain Until the Nasdaq Composite Index's record 19% gain last week, all those stubborn bears were happier than ants at a picnic. And, they're not ready to give up on their outlook yet, despite new economic signals that bode well for continued growth.

The most bearish of investors and analysts have warned for more than five years that the U.S. stock market is out of whack with any logical valuations, and insist that the markets are in the early stages of a long and painful decline. Some of the most die-hard bears say the major indexes will shrink by another 50% before it's over. David Tice, manager of the Prudent Bear Fund in Dallas, predicts that the Dow will lose more than half its value to fall below...

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