Tuesday, November 30, 2004

the dollar

If everybody says the dollar will continue to slide, can they all be right?
Isn't the crowd always wrong?
Check that--the crowd is always wrong at the extremes, the turning points.
When the trend is in place (e.g. Nasdaq 1999) the crowd is right.

UPDATE I guess if I were really good at this, I'd have made the above a haiku.

All say dollar fall
Can the whole mob be correct
Yes until they're not

Or something like that

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