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No one can deny the veracity of the original post on euphoria.But to
momentum investors who really cares except the value investor.
A true momentum investor will be on the other side of this equation
when the weak sisters get shaken out...sort of reverse momentum.
This phenomenom is common throughout stock market history even looking
at old RCA which took almost 30 years to retouch the top it hit in the
20's.And radio was no fluke.
I do not have the time to stay on top of the individual "gems" and
"trash" as far as potential value but the Nasdaq 100 has been a good
way to ride the various tides.
For what it's worth from a value investor,
John
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