andrewducker: (Default)
[personal profile] andrewducker

Date: 2008-12-11 08:27 pm (UTC)
From: [identity profile] kurosau.livejournal.com
I don't think it's the matter of the majority not being able to see it, I think it's a matter of the way confidence in the market works, combined with the market's momentum.

In other words, at the start of the bubble, it looks awesome and is. Bubbles collapse though, and that gets factored for. And then the evidence shows up that it's a bubble, and everyone knows that it's a bad idea because of the crap companies that are making millions overnight. But by then, the ball is rolling and it takes a while to catch up, because most of the people who know it's a bad idea are still making money off of it.

I keep wanting to paint it as a plane full of money that's going down, where everyone is packing money into suitcases until the very last minute.

Date: 2008-12-12 12:48 pm (UTC)
From: [identity profile] woodpijn.livejournal.com
If he had got a pension he'd be no better off now...

September 2025

S M T W T F S
  12 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24252627
282930    

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Sep. 24th, 2025 04:07 pm
Powered by Dreamwidth Studios