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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (51156)4/18/2001 12:00:48 AM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Almost all "people" who go long or go short in pricing an asset do so because of the opinion of someone they regard as having information superior to their own. This is why prices can change sharply when the press announces the news that a major company says it sees business improving the second half of the year. What looks like the "greater fool theory" is simply the chain reaction that follows on the way up or on the way down when a small number of people come into the possession of a new piece of information that expands or contracts what looks like a "bubble", short squeeze or a major market rally / sell-off. As you have said there is alot of cash on the sidelines just waiting for that one piece of information.