Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (6176)	5/23/2000 11:24:00 AM
From: James Strauss	Read Replies (2) of 13094

In Shiller's bleak view, it's not that investors are stupid; it's that they're limited in their ability to react rationally to an ever-changing stream of events. Instead, they take shortcuts that can prove lethal in market settings. People tend to be unduly influenced by the actions of others (herd instinct) and prefer safety in numbers. Pretty well sums up my feelings too. William: I've never met an economist that was a successful trader..... : > His statement could have applied to the last 4 or 5 years of the market's rise... I'm happy that he and many other theoreticians are coming out of the woodwork... We must be close to a bottom... : > As for conspiracy theories... Mulder, Scully, and The 13's Thread will track down the truth wherever it is... "The Truth Is Out There"... : > Good going on those puts... Contrary thinking can be profitable... : > Jim

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