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

To: Raymond Duray who wrote (27110)	1/8/2003 1:15:04 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Is the Economist really that stupid ...or something else ? I remember starting to buy oil stocks about 3 weeks before the "Drowing in Oil ?" cover story came out. One thing that almost all successful media do is sell conventional wisdom which their audience is willing to believe, and which is factual. Convential wisdom means mostly conventional, of course. Factual tends to mean what has happend in the past. Use this on most cyclical things and you've got a formula for being wrong at the turning points. Use this method on a big exponetial ramp, like the tech boom, and you can run over a cliff.