04 Oct 2002 Valleys and Mountaintops
Posted at 13:09h in The Friday BriefHaving just been in the mountains of West Virginia I was reminded of some very interesting parallels to today’s stock market. From the mountaintop it seems one can see forever. The view is spectacular, the air is fresh and clear, and problems seem miles away. But down in the valleys everything is close and problems seem omnipresent. Travel can be treacherous on the tight sharp switchbacks. Just yards ahead around the next curve there may be a ten-ton coal truck barreling down the hill pushing the limits of control.