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

To: AC Flyer who wrote (21734)	7/26/2002 9:22:01 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi ACF Mike, You can guess that (a) I have some iced plum drink at ready, and (b) CNBC is on without sound. <<Finally, I don't believe we've hit the perfect financial storm. No more numerical predictions from me, but I think that at year-end things will look different>> Many, in fact most, folks think the same, else market would have crashed in on itself with folks gushing out of mutual funds, etc., and so ... dailyreckoning.com "I am coming more and more to the belief - first announced by Jim Grant - that markets work on the principle of irony. More and more, I find irony to be the driving force...as well as the secret key to understanding market movements. The very moment when the public comes to believe that stocks will go up forever...stocks begin to decline. When a technology is certain to be a big success, you can almost be sure that an investment in the company's stock will be a big loser. When gold is pronounced dead...that is the moment to hold a mirror to the nostrils and recheck the pulse." Chugs, Jay