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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: kahunabear who wrote (9725)10/29/1998 9:45:00 AM
From: Tommaso  Read Replies (2) of 86076
 
But four weeks ago there was a definite darker tone to the conversations. What goes on there is no more helpful in predicting what is going to happen than looking out the window to see how many people have umbrellas open will predict whether it will rain next week.

Just keep your eye on the heretofore unheard-of level of valuations for common stocks.

I do agree, though with the wisdom of Bernard Baruch as quoted by Joseph G., that is, when the mob gets foolish, don't go with it or against it, just wait.

exchange2000.com

Though I am afraid that my large holdings of BEARX put me in the position of trying to go against the crowd.
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