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Show u THE EXTREMES OF THE STOCK MARKET ' After a -fong period ot scraping along on bed' rock bottom, the stock market haB .advanced, .Sentiment on tho vnrlous exchanges la more hopeful. hope-ful. Tho public thot watches from afar the, doings of the. peculators should not think1' that this Is necessarily h fnvorable time for them to engage In speculation. Tho cream Is nover secured by thoso who buy when hope prevails on Wall streot. Tho time tc mako money, It over, Is when Wall street is convinced that the country1 Is headed straight for tho kennels. A fow bargains can then bo picked up. The stock broker sees everything cither all sunlight or all pitch black. There are no intermediate shades ot twilight. The man who can risk his whole. career cm tho rouletto wheel of stock Investments has tho gambling spirit. If gamblors wero regarded as socially acceptable, ho would place his shiny coins on tho green cloth. When ho Is hopeful, ho cannot admit ad-mit the possibility of clouds and storms. Ho buys at top lovel prices. These aro based on fictitious valuations.' valua-tions.' They assume tho persistence of flexlblo money markets, and disregard dis-regard tho yeastlng social unrest that must Bhako tho business fabric for a long time. Whim this tj'po of man Is. converted convert-ed to tho bear rosltfon, ho goes to the apposlto extreme He ignores tho tundnmentnl common senso of tho Amu-lcnn pcoplo, Ho falls to see thnt nil political parties want prosperity and thnt nuy political party will mako many Hops nnd e-versnls e-versnls to keep In power. Depression Depres-sion never goes far boforo it rights Itself. Whereforo no man Is fit to spend a dollnr on stock Invcstmont who depends de-pends much on tho dope fed out by these sporting gents. It Is ns un-relliiblo un-relliiblo ns tips on tho races. |