Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (2046)	11/4/1998 5:37:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81310

Papaya : To me, one of the most BULLISH factors for the Dow is that there are so many "official" bears out there. One reads article after article from this "expert" and that pronouncing major financial disasters and calamities in the months and years to come. Like the prophets of doom at Kitco, in the old days, who believed that their salvation lay in Armageddon. Apocalypse now! Prepare to meet thy maker! From my point of view, however, all this negativity is factored into the market. Without doubt, each and every investor must have addressed the downside, at least in his/her mind, especially after recent events. Many have sold/taken "insurance"/moved into cash, defensive stocks or whatever. And still the Dow is within 5% of its all-time high. So, what is that telling us?! Accordingly, I don't believe what ANY of the experts say --- bullish or bearish. As the story unfolds, day by day, I'll try to read it. But to have preconceived ideas --- especially profound ones --- that's a no-no. I'm just going with the flow and hoping for the best. Like a dumb blonde!