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Politics : Idea Of The Day

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To: Cynic 2005 who wrote (15392)	12/10/1997 9:31:00 AM
From: Tom Trader	Read Replies (1) of 50167

>>That is just your assessment. But, me asks you what makes you think that a blow-off rise of 35% from April lows to August highs is not a blow-off-top phase for this bull?<< Mohan--my experience and all that I have read on the subject is that bull markets end with a frenzy of speculation where the third and fourth tier stocks become popular and achieve valuations that will not be warranted in this life--or in the hereafter. You and I have commented on the absurd valuations ascribed to AOL and YHOO--at the end of a bull market one sees this occurring on a host of other stocks. May be this time it is different -- but I suspect not Thanks for input on CSCO--CSCO is an investment--an investment position for me ignores the vagaries of the market and I stay with the position until the story changes. I own stocks--investment positions-- that I have held for over 10 years and I rarely liquidate investment positions -- the last one that I did was COL at 34+ after owning it for several years -- when news of the investigations broke because the story had changed. Regards

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