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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Murrey Walker who wrote (54503)8/19/2002 6:50:53 PM
From: Jill  Read Replies (3) of 65232
 
I think the same dreaming of overnight riches is part of both boom and bust mentalities. We know what the boom mentality did to us all--or most of us--made us easy $, but we didn't see the change coming, even though history tells us about cycles. Well, the bear mentality is much like that--just as the mania said we can only go higher, the bear says we can only go lower. And I wish JW the best but if the dollar fell and gold skyrocketed, well then, there would be a lot of easy $ to be made.

But the thing is, just as tulips were a bubble, and semiconductors were a bubble, and tech stocks were a bubble, gold was probably a bubble too. And though lightning may strike twice bubbles don't usually--one has to wait for a new bubble in a different place!
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