All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: BGR who wrote (36607)	5/30/2000 11:12:00 PM
From: pater tenebrarum	Read Replies (2) of 42523

scores of 'money managers' who followed the siren call of speculation, hordes of 'investors' up to their eyeballs in margin debt, all are hoping for a rally to sell into. once they get such a rally, greed will take over again, and they won't sell...the Nikkei of 1990 is an excellent case study for this phenomenon. i remember very well when the bear market rally after the first break was greeted with the usual speculative non-chalance ("the bottom is in" was trumpeted from every broker's office) and then the market proceeded to crush all those caught up in it. oh, i guess all those call buyers of today must be hoping as well...

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