Everyone was waiting in October (actually, since 1994) for a huge ***market crash. So
in October it starts happening and everyone sells like crazy. Then everyone realizes
"Wait a minute, this isn't turning out to be a real big-time crash; rather, it's due to a
very specific event: the Asian meltdown. Whew, glad it wasn't 1987 all over again.
Hey, now it's time to look for some bargains -- after all, the U.S. economy is still
intact. Hmmmm, which companies don't have a significant Asian exposure? Aha,
AOL!"
Congrats on your profit, but this is exactly the reasoning I was making fun of. Let me try a few more on you. Shit, AMZN doesn't have any exposure to the Japanese capital market, I'd better buy. Holy mother of spam, VIAS doesn't do any business in the North Pole, so they won't be affected by the increasing ozone problem, I'd better put in an order right now! Etc. Etc. |
