Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: rsie who wrote (13656)	5/8/2000 3:34:00 PM
From: rsie	Read Replies (2) \| Respond to of 15132

from Fleckenstein....on the SI homepage... "I can share a story from the waning days of the Tokyo bull market in 1989 that may shed some light on the situation. As the fundamentals began to deteriorate in late 1989, often I would call Japan and check in to see how my short position was doing (I was short Tokyo throughout 1989). The news would be bad, and the situation would be dire, and the market would be going up. My broker there explained to me that what we were seeing was a "f*-it" rally. As he explained it, the thought process was this: The news is bad, the situation is dire, might as well just say, "f* it, let's buy 'em." It appears to me we've seen situations like this a few times recently, and maybe we will see more prospectively when the powers that be deem it essential to make the tape look good, no matter what is happening. "