In light of the recent technology boom and bust, James Abate advises investors to look at the larger picture when it comes to making investment decisions
When popular opinion is herd-like, it is usually fully reflected in stock prices and, in many cases, a classic contrarian sign. Time magazine, for example, widely circulated in the US, has been an excellent barometer of popular opinion and a leading indicator for the subsequent change of fortunes on several occasions. The most recent case was Time's selection of Jeff Bezos, Amazon.com's founder and chief executive, as its Man of the Year for 1999. The issue hit newsstands in January 2000 and nearly marked the peak in internet stocks globally. Other Time Man of the Year gaffes for inve...
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