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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (3174)	5/19/2000 5:30:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 3339

Robert Shiller's Irrational Exuberance makes some chilling points about how we adjust our frameworks of reference to fit current circumstances, so that high seems low in comparison with what was recently high, and vice-versa. My own analogy would be how slow 55 mph seems when you slow down from 90 mph. I would say that this market has slowed from about 110 mph to about 90. Of course, I must take my own advice, and that may mean taking profits sooner than I feel like it on oil and oil service stocks. I hope I will have sense to do so if crude should hit $40 a barrel.