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Guys,
Not to add to the quagmire here but Alan Greenspan called
this "irrational exuberence". Doesn't matter what its called as long
as we can first identify it and second capitalize from it without
being taken to the cleaners.
Cool, I feel for you! Let's hope that cooler heads will prevail and
we won't see an international world that is all torn apart.
Each of you have very valid points. The question in my mind is how do
I trade it?
P
--- In Metastockusers@xxxx, "Lionel Issen" <lissen@xxxx> wrote:
> Pring:
>
> The chaos that Dusant refers to is not the same as mathematical
chaos. I
> think that Mandlebrot chose a poor word when he called his
mathematics
> "chaos theory". He should have called it something like "abrupt
change
> theory". In your email you are nitpicking, incorrectly, at someone
who is is
> very knowledgeable and perceptive.
>
> Lionel Issen
>
> -----Original Message-----
> From: Pring [mailto:pring99@x...]
> Sent: Friday, October 04, 2002 12:22 AM
> To: Metastockusers@xxxx
> Subject: [Metastockusers] shudder - why???
>
>
> Dusant,
>
> First of all, interesting choice of words - "chaotic
> conditions". Bill Williams describes chaos as a
> "higher sense of order".
>
> With that in mind, stop and think for a minute about
> the excesses that occurred in the last bull market.
> It was out of control to say the least. People who
> knew nothing about trading could toss a dart and make
> money on some internet stock that was doubling in a
> week - on a company that never turned a dime in
> profits. People's retirement accounts were advancing
> beyond what anyone had ever experienced. Valuations
> were off the map.
>
> What did you think was going to happen to that kind of
> market?
>
> Take a look at the attached MS chart of the S&P back
> to 1985 (that was all the data I had). You can see
> that all we are doing is returning to a sense of order
> here.
>
> So, my suggestion is still to lighten up and flow
> along with the market. Smile a little!
>
> Pring
>
> _____________________
>
>
>
> Point 1)
> Its not because of "my" Fib Projections that we are
> witnessing chaotic
> conditions. Its because of the chaotic conditions
> created that
> (probably) the Fib Proj could come true.
>
> Point 2)
> Is it not what public opinion is all about? Why show
> my chart to your
> Representatives? Think about the enormous loss of
> life and damage to
> property these actions are going to cause!!
>
> Pring, I can take a dig at myself, no issues there.
>
> Frankly, however, this matter does not make me
> smile.
>
> Dusant
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