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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+0.2%3:59 PM EST

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To: RetiredNow who wrote (56658)1/15/2002 7:37:49 AM
From: Dave  Read Replies (1) of 77400
 
mindmeld,

I think the stock market will always operate on the greater fool theory

I can see it now, instead of finance textbooks teaching analysts about the "efficient" stock market theorem, Mindmeld's finance textbook talks about "The Greater Fool Theory"

Seems to be quite logical, given the valuations on most OTCBB stocks and momentum (or failed momentum) plays such as INVN...

Perhaps, you should ask the gov't for money to do an indepth study of this.....

You might be able to win a Nobel....
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