Detox, a new column starting today, is for people who've had enough of the stock market's stupefying irrationality. Detox Watching the Top Line at Overvalued Oracle While the Dow and the Nasdaq now reside well below their all-time highs, the mania surrounding hundreds of stocks has abated only slightly. There's still plenty of overindulgence left to address. Like all the good drying-out clinics, Detox has its own special treatment.
Insobriety causes people to live in parallel worlds, divorced from reality.
And Detox is an attempt to reintroduce a measure of realism back into the investment equation. That's the sort of nonsense that will send you to the poor house. Apple falls Looking at a company's fundamentals, its inner workings, has become all the more critical as markets have climbed. High-performance machines like aircraft engines require regular detailed inspections. Ditto high-performance stocks.