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Thursday, March 13, 2008

In the know

Marty Chenard states something I've suspected, which is that a bear market is when the experts sell to the amateurs. This article seems to confirm that we are indeed in a bear market; on the other hand, Clif Droke thinks "an interim bottoming process is well under way". I like that "interim" - there's a hedge, if you like.

1 comment:

Nick Drew said...

Curiously enough, the bull market is also characterised by experts selling to amateurs ...

(when the man with money meets the man with experience, the man with money gets some experience)