"For fifteen years the bull has wrestled the bear into submission. But I am convinced that the bear's time will come. This century began with a bear market, which started in December of 1899 and hit... This description may be from another edition of this product.
I read this book in 1998 and moved out of stocks because of it. Thank You Mr. Sarlos.I only wish Mr. Sarlos was still with us to give his insight on the current market. As of January 2003, the market is only back to the level it was at the time Mr. Sarlos wrote this book and ringing the alarm bell !!!Do we still have this much further to fall ? Dow 4000 in 2005, Mr. Sarlos ???
Andy Sarlos RIP
Published by Thriftbooks.com User , 22 years ago
In response to a previous reviewer's query - Andy Sarlos died a few years ago.
I bet Alarminst Drivel is BRANKRUPT now !! (hahahahh)
Published by Thriftbooks.com User , 23 years ago
HA!! read last review,> The main concern with people like this (and Rifkin, et al) is that they don't recognize that technology represents a new paradigm and that traditional stocks need new metrics<p>what a CLASSIC sign of top,,written in Jan 2000. This investor is clearly broke now, losing all profits, and then some. Looks like the author gets the last laugh here.
Charles MacKay is laughing in his grave
Published by Thriftbooks.com User , 23 years ago
I love reading the reviews of this book. The one from Canada in early 2000 should become a classic. If only the reviewer had read some financial history and maybe 'Extraordinary Popular Delusions & The Madness of Crowds' by Charles Mackay. He'd have realised that the 90s IT-bubble was nothing new and merely the latest in a long line of manias that date back centuries. They all had sad and sorry endings. This one was no different.Full marks to Sarlos for having the guts to publish contrarian views with such impeccable timing. It just goes to prove that American investors can be just as unsophisticated as their so-called Emerging Markets couterparts.
Prophetic
Published by Thriftbooks.com User , 23 years ago
I've never read this book but I had to respond to the previous reviewer. I give this book five stars based on it's correct prophecies. The market tanked alright.I love reading what previous reviewer has to say! Pure bull mania. Of course, I was hardly any better back then. So we now know that tech doesn't need a new valuation metric and that boomers can put their money under their mattresses like the Japanese have been doing for the last decade. I guess private purchase price means something after all ;)
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