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Strategies & Market Trends : The Stock Market Bubble
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To: Roger A. Babb who wrote (3329)3/5/2001 8:07:06 AM
From: Gofer  Read Replies (1) of 3339
 
Roger, what we have now is a "Bear Bubble".

I decided this morning to read the Stockhouse discussion on one of the stocks in which I had a short position and still have puts. I couldn't believe the bullishness and euphoria from people who've lost up to 85% of their money (50% since the start of February). One poster referred to a Bear Bubble and suggested that it would soon burst providing great rewards to the patient longs. This implies that the current market situation is a bear induced aberration and that the market of 1999/2000 was the normal situation to which we will soon return.

I don't think we'll find a bottom until these deluded denials end and we have true capitulation.

Or maybe I should cover my shorts and puts and go long... I wonder if it's too late to buy some ETYS?
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