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Politics : Idea Of The Day
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To: Judy who wrote (27052)6/15/1999 2:36:00 PM
From: Cynic 2005  Read Replies (1) of 50167
 
Judy, that was a naughty sneak. Do you know taunting can be injurious to your portfolio? -g- Anyhow, a bubble is a bubble is a bubble. The fact that some people were able to make money riding the bubble doesn't make it fundamentally sound. At some point in tome, bubble riders will run-out of sucker to sell to. a.k.a. they will be the last suckers to be holding the bag. Law of averages and thousands of years of history dictate the following:
1. Relatively very few people (5% of population) control the majority of the wealth (say 95%) in any country. And odds are highly against many people to control a large portion of the wealth. You can beat the system with the "same tool" (in this case buy the dip) for some time. but not all the time. A good gambler is the one who knows when to quit.
2. When the battle is over, I am 100% sure that the "real bears" will have the last laugh - though not without getting a few limbs amputated. -g-
3. The odds are against an average trader to keep on making money for an extended period of time. So far you and Iqbal have proven to be an exception to this rule. But bear in mind that could change as you might be caught in long positions over night when the next day the market opens down and goes down and down and down.

BTW, I will go out on a limb to say that come next week SOX sill have a vertical drop from its highs - a la DOW. There are not enough suckers left with money to commit to the over priced fluff with no fundamental strength and enough bears have been lynched in this leg-up. JMO.
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