2011-04-24

Fads are all the same

Fads (an intense and widely shared enthusiasm for something, esp. one that is short-lived; a craze) are all the same, whether they cause people to buy or to sell, they never last.

When the panic bubble bursts, and investors re-awaken (as they always do), the smartest and wisest are the first to start buying again.

BP went from over $60 to $27 in the weeks following the spill in the Gulf... Within six weeks,
half of those losses were recovered.

Cool-headed investors netted millions.

The Dow Jones Industrial Average went from 14,000 to 6,600 in 2008-2009... Within 12 months, it was back up to 11,000.

Once again, cool-headed investors netted millions — in some cases even billions.

Today, despite record-setting demand, uranium is at year lows. And with the story already five weeks old, the public's attention is shifting...

The waiting is coming to an end.

The smartest and wisest are getting ready to strike again.