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Marty Zweig calls it a top when a bull appears on the cover of 2 major
magazines and a bottom when a bear does the same.
Kent
-----Original Message-----
From: Gaius Marius <magnus@xxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Monday, June 28, 1999 8:46 PM
Subject: Conventional Wisdom
Does anyone believes in the conventional wisdom that the markets tends to
reach a top whenever a mainstream publication's front cover is on the
markets? Newsweek's front cover is titled "Everyone's getting rich but me!!"
Inside the article deals with internet ipos, a paragraph on daytrading and
monetary envy - keeping up with the Gates (Bill and Melinda).
Should the bears come out of the woodwork or should they continue to
hibernate? :)
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