Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (13392)	1/13/2002 12:53:31 PM
From: Sawtooth	Read Replies (1) of 74559

<<Everyone believes in it so it works against itself,thus one must do the opposite and go with the consensus....After all who would expect them to be right?>> pezz: IMO, in the short term the most popular theory, the consensus, is correct. Contrarians are correct at only the point of a massive shift from the most popular viewpoint. That said, I think there is way too much, "no time like the present to invest; thank goodness we made it through the bear; now let's get back to the business of quadrupling our money" in the market right now. Which makes me a contrarian and wrong as long as the present bullish trend continues but right, I think, in the mid-term. For awhile. ; ) .....VVVVVVVV

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