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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (15)	8/14/2002 3:26:52 AM
From: EL KABONG!!!	Respond to of 258

DAK, I don't know what you were reading or which version of CNBS you were watching, but IMO this is simply not the case. I guess the answer is that early on into the bubble, I discovered Fleckenstein (right here on SI actually), and I always felt that the man had a lot to say, and said it with a degree of honesty that I wasn't finding elsewhere in the markets. As far as CNBC goes, I do watch it daily. I do find some of their stories interesting. I do find some of their guests interesting. But that doesn't necessarily correspond to my running out and buying the stock du jour. I've never been one to follow the herd, and it has cost me money sometimes, as I never climb on board the momo trains. Now, I can't speak for investors from another country, simply because I don't know exactly what information was or was not available to them, or exactly when they became aware of the possibility of a bubble. But I do know that most investors in the USA were aware of the bubble, or at least aware that some people thought there was a bubble. Whether or not these same investors believed in the bubble theory is another question. Over the years, I have found it is extremely difficult to make unemotional decisions when I have dollar signs dancing in my eyes. Therefore, I don't jump all over a stock once I decide it's a good investment. I wait a few days, and then review what I had previously looked at. If it was a good investment last week, it should still be a good investment this week. Since I don't play momos, I don't fall prey to the argument of buying now because next week the price will be higher. No, at a bare minimum investors in the USA were aware of the label "bubble". Belief was something else... KJC