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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: russwinter who wrote (17785)	2/3/2003 1:29:43 PM
From: energyplay	Read Replies (1) of 206099

Thanks for the post, russ. I will be getting Marc Faber's book. The thing he talks about - Errors of Pessimism "Faber even gets into the condition we see on this thread, where even well informed bulls have doubts and ask questions about tape action, disconnects, etc. Very typical early bull market action he says. Often at these extremes both investors (and the execs) are proven wrong, sometimes severely so. Faber also discusses how slow a market can be shifting away from errors of pessimism. Of course the slow reaction also serves to build the strong fundamentals even further by adding to the shortages, and continuing to erode production and supply, which in turn leads to even more powerful sector bull moves. BTW, Faber is a big energy bull, especially longer term. " I've been through some of these, selling out early. Sometimes you can wait a LONG time for the pessimism to go away. That's why I like to see what William O'Neil calls a catalyst - some event which will cause reevaluation of the stock - on the horizon somewhere.

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