Excellent links Toscano! I agree with much of the analysis given by the two posters at prudentbear.... It is amazing how people refuse to accept any notion or inkling that the worst may be yet to come with respect to our economic downturn...
I think one of the problems is that people let their egos get out of control... Many people get lucky with the outragous speculation we saw in the 90s and they subsequently thought they were market geniuses...
An uncle of mine bought some Cisco shares last year based on some advice from a friend-and got lucky, as the shares doubled and then split...
This guy never did any investing before and all of a sudden he thought he knew everything about the markets... I remember watching a John Chambers interview with him on CNBC and my uncle thought that after the interview, Cisco was going to double within a month and split again! It was ridiculous how some luck messed up his sense of reality... At the time, I remember reading how Cisco had been up over 50,000 percent during the 90s... It didn't take much thinking to figure out that that baby had to come down eventually and hard at that....
Regardless, these next few weeks are going to be crucial for the markets..
I will be selling into any rally we may have this week....
Thanks for the informative posts!
-Dave
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