“You know risk is high for stocks when 18 straight months of mutual-fund cash inflows
haven’t moved the market,” says Schaeffer’s Investment Research. (1259 Kemper Meadow Drive, Cincinnati, OH 45240). “And when weakness in blue chips is seen as a buying opportunity instead of a warning. And when the average investor remains unaware that the same accounting games played during the bubble are still being played while those who should know better look the other way.“
(Emphasis Oh!pinion’s).
—Investor’s Notebook, an e-mail newsletter, Dec. 21, 2004.
