SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : THE SLIGHTLY MODERATED BOXING RING
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: average joe who wrote (19348)8/14/2002 10:44:12 PM
From: Lazarus_Long  Read Replies (1) of 21057
 
The market is for pros and people smart enough to catch a ride with the pros.
Those two groups largely, yes. You definitely don't need to be a pro. But you need to something about markets- -like what a bubble looks like. That was really necessary to handle the late '90s. If you didn't know that and you got into the market, you became one of those who got eaten by it. If you did, you knew you had to be extraordinarily cautious. Bubbles can break unpredictably and badly. You never know when what started as just another dip in the long trail up can turn into a sickening, unending slide.

And you need to know enough not to try to time the top. Nobody's that good.

If you were short prior 9/11 you would have made a lot of money.
True, although it would have been better to go short before that and if you weren't in denial it was apparent by then that the bull had died and now it was the bears turn.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News