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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (47175)	1/17/2000 9:38:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116790

I think you grossly underestimate the power of greed ( as well as many bulls often underestimate the power of fear) on the investment landscape. The vast majority of the Public is demanding the kind of profits and backing it up with $$ to push the indices to much higher levels. It's as simple as that, Richard. It is not a very sophisticated market. The Public tends to be right in between but not at the extremes. It makes no sense anymore to call a top or even be Bearish from a practical point of view. We are in the twilight zone as far as fundamental valuations are concerned. Theoretically, I'm extremely Bearish. When I personally experience stocks like Puma double in 3 days in December from 65 to 130; when I see tech laggards like KLIC go up 12-15% weekly since the New Year I just sit in amazement and am happy I'm invested. I'm no fool. I do take profits when the momentum wanes. There is immense wealth being created. My portfolio has almost quadrupled in 2 1/2 months. You want me to be Bearish? It's good to hedge your bets and diversify whether your bullish or bearish. The Hedge can save you. I'm still long HM :( But I can live with it much better these days.