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Strategies & Market Trends : Watching the market collapse
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To: Charles P. Hubbard who wrote (117)8/12/1999 1:21:00 PM
From: paulmcg0  Read Replies (1) of 150
 
I don't feel like participating in a game that is only sustained by the stupidity of the masses at this time. If you're long in this market, you are relying on people to keep pushing share prices higher and if you're short, you may have to deal with the possibility that the masses might just do that. I do not know at what point those who believe in the market will panic and start a stampede to get out.

I have a job, and I don't have the time to sit in front of real-time quotes all day, trying to make money as a speculator. In the longer term, this market will be destroyed, but who knows when that will happen.
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