DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dan Duchardt who wrote (7242)	3/11/2000 2:52:00 PM
From: OZ	Read Replies (2) of 18137

There is nothing new in Wall Street. There can't be because speculation is old as the hills. Whatever happens in the stock market today has happened before and will happen again. -Edwin Lefevre 1923 Dan, I agree with all that you posted today with the exception of your statement that the above quote will be proven false. What about the current market is so different. I realize our technology is different but the same overreaction that exist today existed in 1923 and even back to the tulip craze. In the book "Reminiscenses...." Livermore frequently made 10 to 20 points on 1-3 day trades. That was in pre 1930's dollars. That is like a 400 plus point runup today. The emotions of greed and fear that drive the market today are exactly the same as it was then and will always be. I would like to hear your opinion on what makes this market different. Ironically, one of the things that has not changed is the very fact that someone always thinks that the current bull/bear market is "different this time". TIA, OZ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next