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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (2744)	9/4/1998 3:20:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Teitmeyer is expressing what I believe to be the core reality of what is going on world wide. He isn't hiding behind fear of how his words may be understood. He states the obvious. I wonder why so many want to see the world in a negative light. Example: headline reads "Japanese unemployment quadruples". Conclusion, that's bad. Therefore Japan is an entirely busted penniless third world country. Japanese unemployment went from 1% to 4%. According to American macroeconomic theory it is impossible to get below 4% unemployment. Vis a vis Japan the only possible conclusion is Americans are lazier than Japanese. It's all in how you want to see things. Teitmeyer has no ax to grind so he's calling things the way I see things. If that view is negative for the stock market, then you should sell your stocks and hide under your bed. It isn't safe out here. Trouble is brewing even if we have to invent some to make sure that what we want to see will occur. Two months ago this wasn't operational. If things can change so dramatically in such a short period of time, I submit it is entirely hopeless to predict the stock market because the market is autocorrelative. It doesn't matter what is actually occurring. What counts is greed and fear. If you can predict either, you can predict how stupid people can get. I have always maintained that that is unbounded whereas how smart is finite, locally limited, and quite small.