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.

Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (2527)	1/12/1999 6:13:00 PM
From: Wren	Read Replies (1) \| Respond to of 3339

Dan Sullivan, in The Chartist, quotes Edson Gould, the dominant stock market guru of the 1960s, "The stock market is essentially nothing more or less than a manifestation of mass or crowd psychology in action....The individual sinks to the level of the crowd, which is separate from, and below the intelligence of the individuals. Crowds do not think. They do not reason. They simply react animalistically and emotionally." Gould developed his ideas after reading The Crowd, by late 19th century French social scientist, Gustave LeBon. Sullivan said that he agrees with Gould, but points out that the crowd can be right for lengthy periods of time. But the crowd is always wrong at pivotal turning points in the market. He believes we are very close to a turning point.