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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (6131)5/11/2004 1:13:00 PM
From: Elroy Jetson  Respond to of 116555
 
Good on you for that.

At the end of the cycle these builders drink their own Kool-aide and end up believing their own forecasts and nonsense about how well hedged they are.

You'd think they'd sell their shareholdings before the end in some cynical master stroke, but the execs and owners of these firms always seem to get hit the worst.

It's really shocking how fast those stocks collapse as sudden realization dawns on the market one day.