Wednesday, April 07, 2004

Ups and downs and the merry-go-round

"Price is going down. Better not sell, or I'll miss out on a few bucks per share. Gonna wait for it to come up again."

That could well have been the sentiments of investors just before the market crash. Do we learn? Is history doomed to repeat itself (ugh, cliche)? Maybe.

The see-saw is always fun to ride until the fat boy on the other end suddenly jumps off. 'S funny. Experience tells us that he's going to jump, yet we hang on, stubbornly believing that we'll know when it's time to jump off.

But it's fun, isn't it.

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