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Non-Tech : NOTES
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To: Didi who wrote (2338)4/20/2003 3:25:20 AM
From: sandintoes  Read Replies (1) of 2505
 
Excellent article, Di, a Ponzi scheme is the best definition I've read of the 90's stock market.

Irrational Exuberance describes how shareholders get caught up in what Shiller describes as naturally occurring Ponzi schemes in which stock-issuing companies, Wall Street underwriters, the media, and investors combine their enthusiasm to carry share prices so high that they inevitably collapse.
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