To: maceng2 who wrote (169139 ) 5/31/2002 4:23:32 AM From: maceng2 Read Replies (1) | Respond to of 436258 Re: Mars and 85ft high tides, Laputa, Jonathan Swift, etc... <snippet > Dark Art of Financial Astrology Adam Hamilton May 17, 2002 6169 As Wall Street's analytical credibility craters, the mystical dark art of financial astrology is rising in popularity. Is financial astrology a valuable investing tool or just plain hype? In these troubling investing times through which we are all journeying in the wake of the supercycle bubble in US equities, many investors have grown disillusioned with mainstream investment advice. And why not? We can all easily remember the incredible ubiquitous Wall Street bullishness as the NASDAQ exploded parabolically from around 1500 in October 1998 to over 5000 in March 2000. Unfortunately, the perpetual Wall Street zeal for selling stocks to investors at all costs, consequences be damned, continued unabated after the bubble burst and the worst bear market in US equities since the Great Depression began to unfold. Even in these exceedingly tough markets, every single day investors are assaulted with a phenomenal array of psychological firepower explicitly designed to brainwash them into believing that stocks always go up, that right now is the perfect time to deploy capital in equities, and that no matter what happens in the world, good or bad, it must always be bullish for stocks. The extreme bullishness of Wall Street that served it so well in the 1990s has turned into one of the ultimate con games. The English language is full of countless gems to reward those who diligently study it, like the derivation of the word “con”, short for “con-men”, “to be conned”, is a contraction of the word “confidence”. I don’t think even the most virulent perma-bull would argue with the assertion that the financial media’s and Wall Street’s primary goal is to instill and nurture confidence in US investors, whether it is warranted or not at this peculiar moment in history. A mighty confidence game indeed! <end snippet > zealllc.com