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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (63554)	12/2/2000 11:15:44 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

Les, that was hilarious article that shows whats wrong with 95% of the columnists out there! Got the guts of a contrarian? Betting on Nasdaq 9,500 by 2005? David's strategy sounds like Sir John Templeton's famous investment principles. ... ... And remember - it takes guts to be a contrarian. Meanwhile, Nasdaq's collapsing 50 percent. Wall Street's panicking. And Main Street yelling buy ... Except Templeton's approach did not favour stocks or whole sectors that required the hype machine turned on at full tilt. And Main Street is yelling buy because Wall Street has conditioned them to Be Bullish. Man o man, all the way down as I scanned the threads on SI the dominant themes - always recovers - great buying opportunity - its a fire sale! - wow! buying more here. Buying is all many people know. On the flip side, there is a silver lining in this giant cloud of deceit. Any commentator, analyst or firm that refuses to acknowledge the hype induced mania that drove the tech market, is now one we can follow and make our own contrarian bets against. ;)