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Strategies & Market Trends : The Art of Investing
PICK 54.35-1.5%Jan 7 4:00 PM EST
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To: Sun Tzu who wrote ()2/11/1999 10:53:00 AM
From: Sun Tzu   of 10722
 
There seems to be other possible reasons for my bearishness, beyond the equity valuations. I am reading a passage by one of few people on the street that I respect and it starts like this:

The bull market rolls on, and my plumber is living high on the hog, trading Internet stocks. One night recently, I was having a glass of wine before dinner, licking my wounds in peace, when my wife asks sweetly (but with just a hint of an edge) how I can be bearish about equities and technology stocks in particular when the news about everything is so wonderful. Gently, she cautions of the dangers of age: "Remember in the early 1980s when you were bullish and all the old men were gloomy about America and bearish about stocks? As people get older they become pessimistic".

So that must be it. I am getting older and that has clouded my judgment. But I still get invitations from ladies to spend the Valentine's day in cottage with them. So I guess I am not that old. May be there is hope for me yet <G>.

Sun Tzu

BTW, the author too believes he is not going senile, but rather blames it on lessons learned from Charles Kindleberger's Manias, Panics, and Crashes and Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds.
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