It is obvious that the hot money is betting the ranch that we truly live in a New Economy, technology trees will grow to the sky, safety is for wimps, and the Great Bull Market has the life expectancy of the Energizer Bunny. From the evidence, it appears now is an excellent time to bet against them: sell technology stocks, buy gold stocks, raise cash, and prepare for the mother of all bear markets.
~ Kevin Duffy, "The Dangers of Running with the Momentum Crowd," April 3, 2000
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