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>And, perhaps most telling, you can't have a bubble when people are constantly screaming "Bubble!" Not true. People were conscious, as early as 1997 that the d
by quanticle 15y ago
>And, perhaps most telling, you can't have a bubble when people are constantly screaming "Bubble!"
Not true. People were conscious, as early as 1997 that the dot-com bubble was just that. It didn't stop an unsustainable rise in valuations.
- rickmb 15y agoEven more so, it was pretty much common knowledge at the time. It was just that there was lots of money to be made, and people always want to believe they won't be the ones to lose out in the pyramid scheme. Sure, the speed and the impact of the bubble bursting was a bit of a shock, but the bubble itself was pretty obvious.