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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (2215)12/25/1999 11:10:00 AM
From: nihil  Read Replies (3) of 3543
 
Reading Grant's can be bad for your financial health. Bull markets don't come around so often that one can afford to sit them out. It's a nice idea to have close trailing stops when you reach of the pinnacles of parabolic climbs.
The problem in 1930 was that the investors didn't buy and hold. If you had invested $1 million at the peak in 1929, today it would be worth $17 million. If you had invested $1 million and reinvested all dividends it would be worth $241 million.
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