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Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (15550)	6/26/2002 1:34:50 AM
From: Lazarus_Long	Read Replies (1) \| Respond to of 21057

The '90s were truly a bubble (in spite of what TP believes). Bubbles are uncommon. The last one was in the '20s. You may not see another in your lifetime. But you need to know how to recognize one if you want to be in the market. It's not an science; it's an art. And most other people are going to think you're nuts when you cry WOLF! and cut and run. That's a price you have to accept. Read "Great Popular Delusions and the Madness of Crowds". And "The Great Crash" by Galbraith. Your library will probably have them. Amazon certainly will. There's another good book whose title I can't remember. I'll post or PM if I do. And knowing bubbles helps understand and time bull markets in general. Tops are a BITCH to call. At least for me. Bottoms are easier. We're probably coming up on a short term bottom fairly soon. Watch for mad panic. Watch for "OH MY GOD! I SHOULDN'T GET ANYWHERE NEAR THE STOCK MARKET!" Because when you and most other people think that, you should. Also remember that by not being in in '97. '98', '99, and part of 2000, I got to listen to people crow about their gains and what they were going to buy with their stock market profits. And wonder if I was nuts. And I missed three of the best years of gains. Nobody said this was easy. (Well, actually, lots of people did, but they were liars. Mostly broke liars now.) See, this thread actually does discuss the stock market on occasion. :-)