Sivy on Stocks: Five lessons from 2004 - Dec. 27, 2004

Sivy on Stocks: Five lessons from 2004 - Dec. 27, 2004: "Lesson No. 1: Psychology matters." Lesson No. 2: Oil follows its own cycle. Lesson No. 3: The U.S. is becoming more vulnerable to external shocks. Lesson No. 4: Stock market excesses take a long time to correct. Lesson No. 5: There's no such thing as a safe stock.