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Strategies & Market Trends : The Millennium Crash

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To: yard_man who wrote (5010)3/23/2000 10:59:00 PM
From: Rarebird  Read Replies (4) of 5676
 
<But there is a difference between saying I know this is mass hysteria and I am going to try an profit from it while recognizing the risks OR this is a new era in which the old rules of economics no longer apply>

It's closer to mass hysteria and I think it's a naive new era too. It has reached such ridiculous proportions that it makes no sense to be bearish in a practical sense, although the fundamentals are extremely bearish. Of course, this market will fall hard someday. It has to. Bear Markets have not been repealed. But Insane Money Flows are still bullish.

Tippet, there is a reason for everything, whether you like the reason or not. Once you know the reason, why fight it? Why be a prisoner to ones bearish principles when the time has not arrived yet for a crash or vicious bear market?
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