Quote from Thermactor:
seriously?
HERD EFFECT
Oil is the new craze! First dot com companies, then real estate, now oil.
exactly
Dot coms.....
real estate.....
next commodities....
Commodities are in a bubble,
How many times did we hear back in 2000 that the dot coms were going higher, I recall QCOM getting a 1000 price target. Stocks were running up 50-100 bucks a day....
How many were flipping houses just 2-3 years ago thinking it was going to continue, I know of 2 people that finally got out of those flips at a huge loss. Housing prices jumped from 1997 to 2006....thats done with.
NEXT
The commodity bubble, it will end the same way every bubble ends, huge losses.
All I hear about on cnbc especially cramers show and fast money is oil, gas, Ag, gold, commodities commodities commodities, if this was 1999 everyone would be talking up LCOS, CMGI, INKT, ARBA, AOL, TGLO, and ETYS.
ITS TIME TO ACKNOWLEDGE the next bubble:
THE COMMODITIY BUBBLE.......
