Author Topic: The best article I've ever seen on stocks.  (Read 1215 times)

rickortreat

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The best article I've ever seen on stocks.
« on: September 11, 2005, 09:28:17 AM »
I have enclosed a link to Jsmineset.com below.  I think you'll probably have to join the site in order to view the article, but since it's free and they don't bother you with e-mail clutter it's well worth it.

The article isn't written by Jim himself, but a friend Dan Norcini.  Along with the article is a 20 year gold chart with trend lines and fibonnaci retracements.

The article itself reveals some basic truisims about the market that anyone who buys a stock or commodity must know and understand first.  The reason for this is simple: the stock market is never rational and is rarely ever at fair value.  If it was, there would almost never be booms and busts in the market, since the economy never grows so fast, and seldom collapses completly.

http://www.jsmineset.com/

As the site is updated regularly, get on there quickly so you can find this article easilly.  It is certainly worth your time as it is the best thing I've ever read on the psychology of markets.