Irish Independent, Business, Markets, 8th June 2000 Freeman Equity markets are volatile, meaning that nobody is sure how to value anymore. Also, the sustained bull run is becoming a prolonged bear, or sideways market. Greed is now balanced by fear. Share speculators are wary. They're betting more cautiously, for shorter periods and with smaller chips.
Volumes are low.
Cash rich institutions provide adult supervision. Technology shares have lost their spice but gamblers are addicted to gambling. Contrarians become dissatisfied with their strategy as soon as it becomes accepted. Freeman had thrown overboard every technology share that wasn't bolted down well before the crash. But now there's blood on the streets, he craves to jump back in.