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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (42206)11/29/2000 9:50:00 PM
From: Perspective  Read Replies (1) of 436258
 
Yes, we may have to check ourselves into some sort of post-partem program or something.

I think those of us on this thread ('cept maybe Luc <g>) will come out of this retaining an important advantage over the injured clowns - we will be alert for the signs of the liquidity trap engaging, and expecting a decade or more of no net progress in stock prices. Oh, and we'll have a second advantage, too - our large piles of cash with which to relieve the clowns of their worthless certificates!

If things play out like all other bubbles, we'll see a decent bull pop up very soon, and many people will buy it, hook, line, and sinker. We'll be expecting it to be a trap, and that's a huge advantage.

Sometimes it really does pay to be a skeptic.

BC
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