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Being Bullish on the Bear

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Context

THE BLOOM IS FINALLY OFF THE rose of Russian and Eastern European stocks.
Just ask a frustrated Julian Mayo, co-manager of the U.S. Global Investors Eastern European Fund (ticker: EUROX).
For the past seven calendar years, his fund has averaged a 40% yearly gain, with no down years during that period, earning the portfolio a five-star rating from Morningstar.
But this year, the fund -- which focuses primarily on Russian shares -- has fallen 24%, thanks in part to a broad-based bear market that has knocked down shares in the developed and developing world alike.

Ser otimista frente ao pessimismo do mercado.

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