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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Joshua Corbin who wrote (742)11/17/2000 3:42:37 PM
From: tradermike_1999  Read Replies (2) of 74559
 

I didn't call a bottom one way or the other. I'm not a bull. I'm not a bear. I'm just a guy. My point is that doom-and-bloom sensationalism tends to push people into disaster at the inevitable bear bottoms.

By your line of logic you can't say anything about the market because someone might take the advice and lose money. You also can't tell people to go long because they might be buying on the market top or right before a collapse also. You can't say sell because it might be near a bottom. We might as well shut down SI and go home.

Let me ask you this? Is a period in which earnings are slowing down, inventories are piling up, investment spending is shrinking, and we have record margin debt levels, 99% of analysts and brokers say buy, oil prices and energy are up, usually a good time to buy stocks? Sometimes we just have to use some common sense here.
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