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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%Nov 26 3:59 PM EST

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To: Big Bucks who wrote (20949)6/28/1998 2:27:00 PM
From: 16yearcycle  Read Replies (1) of 70976
 
BB,

you are way too smart of a guy to miss my entire point. This is serious. I have a friend who sent me an e mail the other day that said he just bought "x company because it will go up." Do you know what is going to happen to all these people when we "regress to the mean?"

The access to information will only become greater. I plan on staying aggressive, for a good long while, with those companies paving the way. But we have the perfect scenario right now. I believe that the average person is mistaking that their stock market gains are from their brilliance and research, when it is actually from a perfect market that is near manic stage. Each year that goes by confirms their feelings of genius. It is entirely possible that their lives will be ruined by this developing overconfidence.

Note again: I am 180% invested, and these are my opinions only.
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