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


To: elmatador who wrote (61044)3/15/2005 12:17:31 PM
From: Mary Cluney  Read Replies (1) | Respond to of 74559
 
Then there won't be an opportunity to make money. But when all the knowledge is built in the prices, cunning people create desinformation, smoke screens, instigate panic and fear so that people react ain a manner that distort prices. They either sell below the price what they have or buy at a higher prices based prompt by the misinformation campaign.

Okay. I'll buy some of that. I can see some of that. In addition, there are all sorts of agendas people have and they all start seeing what they want to see. But, for the most part, those people are not in it for the money specifically. They have social agendas. And, they are not all that clever. You can fool some of the some of the time, but you can't fool all the people all of the time. But, I can see where these people in their trance could do a lot of harm. Things can really get screwed up for short periods of time.

Nevertheless, even in a totally efficient market, you can make money by being able to predict the future. Sort of. If you knew that personal computers were the wave of the future, you could have made a lot of money investing in Intel and Dell (for example) in the early 1980's.

But, the future is already heavily discounted and discounted early. As an example, it may already be too late for investments (to make a lot of money) in CDMA even before CDMA wins out.