ABSTRACT
To the newcomer, the market appears filled with wonders and mysteries as the landscape of Mars will appear to the first space travelers to land there. There are strange rumblings, apparently unexplainable upheavals, and weird growths. An unknown stock will suddenly emerge from a morass of debt and deficit and proceed to soar to great heights. An old and trusted issue will paradoxically sag and droop, although apparently rooted in the soil of economic stability. Often, it is possible to obtain greater stability and safety by buying a few strong stocks in a Bear Market or by selling short a few weak stocks in a Bull Market, than by attempting to maximize profits with an "all-out" position one way or the other. A newcomer, perhaps not realizing what appears unusual and alarming is only the normal fluctuation and adjustment that goes on continually in the market according to the changing evaluations of millions of investors, will feel frightened, insecure, and indecisive.
