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

To: TobagoJack who wrote (2541)	3/23/2001 10:26:24 AM
From: Tommaso	Respond to of 74559

"In some sense, we are all ignorant, to varying degrees, due to our respect direct experience or lack of experience with bear markets, panics and such. " Goodness knows that one awful aspect of the mania is that it may have bankrupted some people who saw it exactly for what it was, sold short, and then watched it go ever higher. I admit that a year ago I was beginning to look at the outer limits of my ability to stay the course as a bear, and I much more than recovered all my "losses" on the short side. But it was a lot less fun than riding a bear market to its very bottom (buying in the later stages), which is what I did in 1973-4.