Yes kzxc and Iwish are the same poster. I did that by accident after half a bottle of port. I have been in this fund for a looooong time. I had a LOT of money in it. I was just a little upset when the fund remained hedged for 4 years while the market went up with little volatility. I was calling for and expecting a LARGE drop in the market. When the market started crashing I was relieved. I could have been in a bear market fund, yes. But I had faith in Hussman to do the right thing. I mean come on he has been fully hedged for 4 years, "he will not get suckered in here". Damn if he did not go all it at a time that he has no justification for. I don't care what anyone says, his method could not have indicated such a long position, he was trying to be a hero and catch a little up move. I could have seen maybe 25% exposure but damn he lost a ton of money in short order. Then he changed his mind. Then he missed this recent up move. I am fed up and glad I made the loss back.