|
PureBytes Links
Trading Reference Links
|
>>The mania idea is interesting. It is hard to say whether it is or not. I >>am re-reading Charles Mackay's "Extraordinary Popular Delusions and the >>Madness of Crowds" right now, and the one thing that appears different >>and why it might not be a mania is that, at least how he describes past >>manias, is that in those there was virtually nobody saying that it was a >>mania. Right now, there are alot of people who are making that >>suggestion. But, you don't need a mania for a correction/bear market. >>
"there was virtually nobody saying that it was a mania." Probably the word "Mania" is still not define in their times. They still don't understand what a chart represent as chart represents recording of past events.
I have some friends & relatives who still does not believe that the US market have a TENDENCY to decline. They just only understand to buy every dip. Their vocabulary is only BULL market no such thing as a looooong Bear market. They believe that as examples like 3M, Ford, GM are all big corporation therefore those big well known trusted corporation are not stupid enough to handle financial matters. Oh my....
v^v^v^v^v^v^v^v^v^v^v^v^v^v^v Visavis v^v^v^v^v^v^v^v^v^v^v^v^v^v^v
|