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

To: shades who wrote (25991)	3/19/2005 9:52:25 AM
From: dpl	Read Replies (1) \| Respond to of 116555

"Why are so many people not able to bring themselves to the fact it may be a total mess and all thier money will go up in smoke in a very short time." This is a very good question and goes to the psychology of bubbles. Most people when they have participated in a bubble long enough become what I call "bubble heads".They believe there is no bubble because they have to from an emotional stand point.They start believing that they are a financial genius.When you tell them that there is a bubble this what they hear. a.This person is telling me I am not a genius. b.This person is telling me I will stop making a lot of money. Most cannot take that.Some get very angry as I found out 5 years ago with the Tech bubble. David