Stocks Are Too High - The Right Tactic Is to Stay Invested as Long as the Price Momentum Is Up

Many of the professional investors involved in these areas know that what is going on to day is madness. When momentum begins to ebb, they will sell their positions and escape the carn since they have very large positions. i suspect they are deluded in thinking they will be able to get out in time because all other momentum investors will be doing the same thing. To say technology, internet and tele communication stocks are too high and about to decline is comparable to standing in front of a freight train.