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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (5850)4/2/1998 12:22:00 AM
From: Investor-ex!  Read Replies (2) of 18691
 
Pancho,

craig, I don't understand this market...

This might help, I found it very interesting.

stocksite.com

Especially interesting is the Robert Prechter summary of how the whole thing unfolds, as it sure sounds awfully familiar these days...

"Ultimately, however, the mania and the aftermath have everyone for lunch. First, the bears and the contrarians, then the prudent professionals relying on long-term studies and, finally, the speculators who fancy themselves clever investors and pour most of their funds into the market on its final run."

How far into the "speculators" are we? :o)
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