Jul

23

I've been hearing my coworkers talk more frequently lately about how much they are making in the market and how smart they feel because of it. These are not market-literate people, and if they are feeling like market geniuses then I can't help but wonder if this bull run might be entering its last leg. That observation and an article from CNN Money caught my attention.


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2 Comments so far

  1. Ronald Weber on July 23, 2007 11:04 am

    1. Yes, but I think most people are still very much focused on their house than on their equity funds.

    2. The crowd is right for much longer than most professionals would admit (check the poor track record of “The Economist” on that matter), even though they tend to get in and exit to late…

    3. It’s usually in the final stage of a bubble that most of the gains are being made!

  2. Alfonso Sammassimo on July 24, 2007 9:06 am

    Having met three people in the last month or so who have given up their day jobs (or know someone who has) to trade stocks, Ive since had similar concerns. Common themes from them:

    1. How much money they are making (lots)
    2. How easy it is
    3. The requisite education was an “intensive” short course
    4. Drawing trend lines

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