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Politics : Formerly About Applied Materials
AMAT 225.43+2.3%3:44 PM EST

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To: jtechkid who wrote (18143)3/24/1998 11:02:00 PM
From: Steve Rolfe  Read Replies (2) of 70976
 
re: wrong, it will come back and bite hard.

FWIW, The book I am reading suggests to:

Go with the trend or watch from the sidelines, but never go against the trend.

I am beginning to see the rationale behind going with the trend. The opinion of the market as a whole is correct because this is what drives the prices. Bulls confidence vs Bears confidence. As this uptrend continues more and more Bears reluctantly give in and join in.

Maybe the market is just acting like the Japanese leaders were/are?. If we act like there is no problem, maybe there isn't and maybe if we ignore the problem long, enough time goes by, and we look up and see that the problem has magically disappeared.

You are right at some point the market will punish us for ignoring some of these problems, but recent history suggests this does not happen often. To coin a phrase: "Proceed with caution"
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