You must be wondering what debate I am talking about? Well, the debate is whether the 1993 SUPER BULL RUN will ever come back again. 2013 will mark the 20th anniversary of that super bull and what that means is that for the past 20 years, a super bull had not been sighted in our stock market since.
Well, I and everyone else didn't expect a super bull run to occur in 1993 and then having to wait for > 20 years now for another to come back. Back in 1993, many stock players were initially caught by surprise by the ferocity of the super bull running in our stock market and were not prepared for it. So, my guess is if another one were to come in the foreseeable future, it will again come suddenly and be a big surprise to players and investors like the last one.
What characterise the 1993 super bull from other bull runs were the astonishing run up in stock prices, especially the penny stocks and Second Board stocks which are small capitalised counters with poor or little fundamentals. Of course, these are the types of stocks flavoured by you and me, the small time retailers, and it did not take a genius among many of us who made piles of money during the 1993 super bull run.
However, there were two BIG mistakes we all made then : 1) believing the super bull run will continue for a long time 2) putting more and more money into the stock market (instead of cashing out slowly) as prices went up and up. These two biggest mistakes lead many of these same people who made a fortune in 1993 to become pauper during the 1998 Asian Financial Crisis 5 years later.
TO BE CONTINUED .....
Brave New World - Brave new world ... or just platforms masking as the middlemen, bringing buyer and seller of services on the one platform.
22 hours ago