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Strategies & Market Trends : Waiting for the big Kahuna

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To: wanmore who wrote (45675)1/21/2000 12:25:00 AM
From: dclapp  Read Replies (1) of 94695
 
wanmore,

>> Every dip is a buying opportunity at least until December.

which is your conclusion.

first, understand that your "bull case" is: "The sky isn't falling, so everything's alright."

that's not good reasoning.

remember that the best way to boil a frog is >>>very slowly<<< so that the frog doesn't jump out of the pot. the "sky never falls" for that frog; the trade deficit expands, rates increase, valuations rise to never-before-seen heights, junk is bid to the sky.

the best investors in the world know that this is a bubble. the "house pimps" push paper to naive people like you. who to believe?

this is a mania. it will end. and all the "yeah, but!"'s in the world won't stop it when it happens. but it may not delight the bears or encourage the bulls with a sharp drop...just a slow, long erosion back to historical valuations, which will please only history.

best,

doug
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