Amen
October 11th, 2006 by 
reality
From Bill Fleckenstein’s Daily Rap today: “I suspect that when the history books are written on this particular moment in time, people will look back and shake their heads in wonderment, at how the market could have done what it did. Just as anyone would think, looking back to the autumn of 1973 or any other inflection point: Wow, how could market operators have been so blind? Well, that’s what the madness of crowd is all about: always wrong at the inflection points, but driving you nuts as you try to exploit the opportunity.”
Amen.
Posted in Bill Fleckenstein, Strategy & Scenarios | 