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


To: Maurice Winn who wrote (17188)3/21/2002 9:53:55 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<We ignore all history. It's irrelevant. It's gone. It's finished. It's history. There is no gravitational pull to any of the norms which have gone before. People create their norms now for how they see now and the future. Those who look in the rear view mirror will run off the road.>

Sadly, if you're talking the stock market and it's valuations [and we are, at least I am], these valuation are mostly affected by human psychological behaviour... that indeed hasnt' changed much IMO. It's OK to be part of the "it's different this time crowd" however... it's very popular at the moment.

Buying a share who's sliver of earnings would take a lifetime to payback the investors initial investment seems strangely familiar.... was it Japanese taking out 100 Mortgages cause 'it made sense'??? Think so... anyway, time will tell, no reason to argue.

DAK