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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (21267)	5/8/2005 4:54:05 PM
From: Rarebird	Read Replies (1) of 78659

<I'm sure the doom and gloom crowd predicted at least 300-400 of the last 5 market crashes, passionately and reliably.> Just be careful who you insult. It may come back to haunt you someday. The "doom and gloom crowd" was ultimately right in 2000: The Nasdaq fell almost 80% from its 2000 high by October 2002. Whether or not "the doom and gloom crowd" profited from the decline is an entirely different story. Some may have covered too soon. Others may have gone bankrupt before the decline. Unless you are dealing with a money manager, you'll never really know who profited from that decline. One thing is for sure: Money managers need to gloat about their performance in order to attract more $$$$. The astute individual investor/trader can afford to remain silent. Moreover, when an individual shows continuous independent financial insight, he places his existence in a realm where no one (outside his family) can touch him nor hurt him. He is a law unto himself. He is a success, a great event, regardless of whether a Bull or Bear Market is in sway. I hope I'm wrong. But I think the market environment moving forward will prove to be a disaster for over 90% of money managers, who will become blindsided by the Bear.

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