Twelve Choruses

Markets live chat transcript for the chat ending at 11:52 on 14 Mar 2007:

Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)

PM: Moments like this remind me of the Twelve Choruses of the Market Cycle, written by a guy called John Train.

NH:Oh yeah
NH:What are they then?
PM: One
PM:Washout or Selling Climax: “Stocks are going way down.”
PM:Two — The Early Surge: “Things look better, but its too early to buy.”
PM:Three — The Surge Continues: “Prices seem high. It’s too late to buy.”
PM:Four — The Second Stage of the Rocket: “Maybe it’s ok to buy.”
PM:Five Not a Cloud in the Sky: “Buy!”
PM:Six The Blowoff: “Stocks can only go up.”
PM:Seven Coasting: “The market is high, but this time is different.”
PM:Eight The Top: “Hold.”
PM:Nine Over the Hump: “It’s too soon to sell.”
PM:Ten The Slide: “Prices are cheap, but it’s too late to sell.”
PM:Eleven “It’s OK to sell.”
PM:Twelve The Cascade: “Sell!”
PM:phew
NH:Hmm – So where are we, do you reckon?
PM:Nine !

link: http://ftalphaville.ft.com/blog/2007/03/14/3164/markets-live/

They’re referencing this article by John Train, written in the FT 1994.

Advertisements

0 Responses to “Twelve Choruses”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




a

Add to Technorati Favorites


%d bloggers like this: