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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (752)	11/17/2000 3:56:12 PM
From: Tommaso	Read Replies (1) \| Respond to of 74559

Also what some people keep confusing themselves about is that here we have one discussion group, or thread, with 750 posts or so and perhaps a hundred readers or participants--I really wouldn't know--and even if it does get quoted in the Wall Street Journal, it is hardly the same thing as Abby Joseph Cohen getting up in front of millions of TV viewers on CNBC or Wall Street Week, and with what I can only call bland idiocy advising everyone to buy these "cheap" stocks. That may be the longest sentence I ever wrote. We are the rats in the cellar who see just how termite-eaten the joists and beams are. No one is paying any attention to us except ourselves, and to suggest that we are somehow leading people to perdition is megalomaniac lunacy.

To: tradermike_1999 who wrote (752)	11/17/2000 6:20:08 PM
From: Joshua Corbin	Respond to of 74559

By your line of logic you can't say anything about the market because someone might take the advice and lose money. Either the market will go up or down. There are indicators that support both views. There isn't much you can say about the market that cannot be arbitraged by other investors. Is a period in which . . .. 99% of analysts and brokers say buy…. Analysts always say buy. That's why they make the big bucks. usually a good time to buy stocks? That question is unanswerable because it is a generality. Buy which stocks? Biotechs? Consumer cyclicals? Closed-end funds? The last few years have been a monster bull. No one disputes that. Most stocks did well, but companies like Boston Market, Sunbeam and Iomega hit the skids. Now say we have a real, live, honest to good bear market. You'd sell in 1929, right? People did who held Coca-Cola - and they saw the stock go up, not down. It hit new highs in 1930, then fell back and went on a monster bull rally that finally peaked in 1938. Then there's another stock that slaughtered the post-Crash bear, but I hate to mention it here: Homestake Mining. Sometimes we just have to use some common sense here. In 1932, common sense would have told you that the stock market was a speculative disgrace -- thus keeping you away from the bull market of the Great Depression (about 1993-37).