Re: STOCKS: An Unnerving thought

From: Brian D Williams (talon57@well.com)
Date: Wed Apr 12 2000 - 08:23:16 MDT


From: "Eliezer S. Yudkowsky" <sentience@pobox.com>

>An unnerving thought recently occurred to me. We've all seen that
>famous video of the bridge that collapsed. Remember how, in the
>beginning, it started to undulate up and down, like a wave, and
>this went on for a while? And remember how, just before it
>finally broke down and fell into the river, it started to undulate
>from side to side, like a strip of paper twisting?

The Tacoma narrows bridge.

>And you know how this stock market has always been volatile, but
>now the Dow and the Nasdaq are being volatile in opposite
>directions?

This is normal, people are selling in one market and buying in the
other.

>Oh, never mind. I've been predicting economic Doomsday more or
>less continuously since 1994, so even if I'm right, I don't get
>any credit for it. But it's still an unnerving thought.

For those of us who believe in value (even high tech value), and
have invested accordingly, this is a welcome sight.

Brian

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