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At 08:32 PM 7/15/00 -0700, you wrote:
>Who knows what Fleckenstein's results are, Prudent Bears is truly dismal,
>and
>should be better.
>
>Fleckenstein is a realist though, and does do market research, and
>understands the 'system',
>whether or not he is a good trader is another question. I think his daily
>post is excellent,
>and needed in this truly sick market, full of glib, clueless gamblers who
>appear to be good traders.
>I for one, am quite tired of hearing all of the anomaly 'success' stories on
>CNBC, and not hearing the 'real deal' (thousands of folks losing their
>shirts, homes, marriages, etc... in this market.)
>
>It would serve you well to read his articles daily in order to put down your
>rose colored glasses, at least for 30 minutes. It might save you some
>money, especially if you use CNBC for investment direction.
Why not just play the market which ever way it goes. Don't worry about
the over priced sectors, over priced stocks and over zealous gamblers and
just make money? Why do you care if the DOW goes to 20,000 or 2,000? Buy
it, short it, hold it, sell it but when you hate it or love it, you are
setting yourself up. Also, these "gamblers" are bringing the professionals
rare opportunity. They present themselves for fleecing and bring the
shears. Remember though, you can fleece a sheep moving away or backing up.
Either way, you get the wool. If you're going to scream like a wounded
banshee because he only allows you to fleece him moving away for a while,
you're crying in the wilderness because your posts are not meaningful to a
list of people who simply want to make money.
Bob
>
>
>JT
>
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