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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: Stephen who wrote (63477)11/30/2000 7:31:41 PM
From: globestocks  Read Replies (3) of 99985
 
There was a book sometime ago by Burton Maikel, Prof. of Economics at Princeton. He refuted Maynard Keynes Castle in the Air Theory of investing. But for Maikel, obviously well off, they can afford to sit back and wait years for their returns. But what about the rest of us, our confidence shaken from recent market plunges.

People will buy whatever they feel is an appropriate price- and there sure ain't any fundamentals to that...
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