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"Bubbles start to pop when the momentum traders run out of money and can no longer push prices up." She states credible evidence that the market is efficient,
by muerdeme 18y ago
"Bubbles start to pop when the momentum traders run out of money and can no longer push prices up."
She states credible evidence that the market is efficient, then claims that the evidence undermines those who believe in efficient markets... Weak.
- stcredzero 18y agoWhy asset bubbles are a part of the human condition that regulation can’t cure "Human Condition" is sometimes a code word for something people don't want you to fix. There are those who have the means to profit from the large scale business cycle certainly want you to think that it has to be this way. They want the forced selling so that they can profit "on the buy." There are those out there who want to blow up bubbles and ride valuations up, then get out before the fall. Death is inevitable. The inevitability of taxes is propaganda.
- DLWormwood 18y ago> "Human Condition" is sometimes a code word for something people don't want you to fix. snip Death is inevitable. The inevitability of taxes is propaganda. Dang, that's kind of profound. Are you quoting somebody?
- stcredzero 18y agoNope. I wrote that.