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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Michelino who wrote (1990)6/8/2003 1:19:47 PM
From: Nadine Carroll  Respond to of 793963
 
Even if I gaze into your world, it seems that a balanced market price remains about as fleeting as the call of the 17 year locust.


One could have said the same in 1932. We just had the mother of all manias on Wall Street, one that laid the twenties in the shade. There have been long periods during which fair value and the market at least remained within shouting distance (these periods were used to establish the idea of fair value), but in periods of great booms and busts the orbits grow much larger.

A bear market cures the casino psychology by returning a healthy amount of investor skepticism.



To: Michelino who wrote (1990)6/8/2003 10:47:20 PM
From: Bridge Player  Read Replies (1) | Respond to of 793963
 
<<<<Perhaps you've guessed that I was trained as a scientist, not an alchemist.
>>>>

And perhaps as you grow more mature you may, with luck, even become more objective and rational about your political views.


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