I bought this fund in 2004 because it did so well in the 2000 - 2003 bear. Recently, I saw the manager on Mad Money and he said he had been sitting on cash most of 2007 waiting for this buying opportunity. Cramer also featured it in his new book about funds for retirement accounts so you can get a good idea about it there. This fund seems to make money in spurts. I think now is an excellent time to buy. As you said, this manager has an excellent track record.