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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: NickSE who wrote (12226)2/23/2000 7:04:00 PM
From: David Smith  Read Replies (2) | Respond to of 42523
 
And what percentage of last year's gains were also attributable to a relatively small number of stocks? And the year before that? And the year before that?

Bears are fond of saying that people making money in this market are mindless, and they bemoan the confusing of brains with a bull market. The argument does not make sense; if the market strength is so narrow and breadth so poor, then by definition it cannot be a healthy bull market. You can't have it both ways, so which is it? A healthy bull market in which clowns are successful only because a rising tide lifts all boats, or a stealth bear market in which the "clowns" are actually smarter than the bears and those on this thread because they seek out the strong sectors and stocks....?

Don't you get it? Market breadth is ALWAYS bad if you're not in the sectors and stocks that are going up.