>In addition to the silly merchandise (not actually produced yet), I want to
>keep a record of all the insane statements by the bulls that will look
>ridiculous after a crash, and to make very clear and concise arguments on
>why this is indeed a bubble and can't last.
At 10:04 PM -0500 1/3/00, TheStreet.com wrote:
>Wrong! Rear Echelon Revelations: Amateurs Trounce the Pros
>
>By James J. Cramer
>
>1/3/00 5:35 PM ET
>
>The individual investor sure got this one right, didn't she? She didn't
>buy into the Y2K gloom that a pro like Ed Yardeni did.
>
>She didn't get spooked out by the historic overvaluations the way
>Barton Biggs did.
>
>She didn't get spooked into cash from the press hounds who would have
>you believe that the world is always coming to an end.
>
>She stuck with the winners. She did not get blown out by the bonds. She
>did not buy into the rap that she had to be in the same old boring
>names that the pros told her were right.
>
>I can't emphasize enough that regardless of what happens in the future
>-- a 20% pullback or a huge selloff -- she got it right. And the pros
>got it wrong.
>
>I look at my screen today, and all of the rally names, like last year,
>are the individual names. And all of the selloff names, like last year,
>are the institutional names.
>
>You have to love a game where the amateurs beat the pants off the
>professionals.