Sorry silvercoin, but your ability to google does not beat economic logic. And the author should know that plagiarizing himself does not lend credibility.
Price discovery works as well going down as going up. Arguing about who was first out and who was left holding the bag is arguing against our rights to make independent economic choices, and on occasion, to err.
This is really *not* hard.

"Grow up; grow a pair; take responsibility."
That is unknown to most zerohedge types, who seek to commit all of Life's ills to a conspiracy.

Sheeesh.