Reminiscences of the Bubble

[PuffyGums]

I found this pic of candle's trading gang in action after the close.
<img src="http://www.magazine-ads.com/pics/SPC0123.jpg">

 

[proptr8r]

Quote from I Missed Boat:



That market will never happen again in our lifetimes, or at the very least, not until those who are fairly young are very, very old (but probably not even then). The bubble was so irrational, and people have been so burned. A large number (and %) of people, polls have shown, have decided that they will never invest in stocks to the same degree, if at all, again, an attitude that has only been reinforced by all the scandals. Note that record amounts were taken out of mutual funds last year, and that for the first time in 13 years, more money was taken out of the market in January than put in (unusual because people normally sell for tax purposes in December and purchase stocks in January).

That market may not happen again, but we will surely see bubble's like it in other areas. Read the book, "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay. It's a great book that discusses all the infamous bubbles throughout history.

Anyone have any guesses as to the next bubble? My guess is some type of commodity.

 

[I Missed Boat]

Quote from proptr8r:



That market may not happen again, but we will surely see bubble's like it in other areas. Read the book, "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay. It's a great book that discusses all the infamous bubbles throughout history.

Anyone have any guesses as to the next bubble? My guess is some type of commodity.

You're right. I was only referring to stocks. Not only that, but there will be bubbles in other countries (like Japan's real estate bubble, which many people, probably incorrectly, are likening our real estate boom too).

 

[Rearden Metal]

Here's a thread that's similar, but much cooler:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=13088&perpage=6&pagenumber=1