Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Earlie who wrote (26120)	3/21/2005 9:21:45 PM
From: CalculatedRisk	Read Replies (1) of 116555

I agree with you. Market psychology slowly changes ... and then some trigger gets the blame. For the NAZ, it was obvious for some time that we were in a bubble. As time passed, more and more people were saying we were in a bubble. It got to the point were speculators were joking about the bubble - as they bought more tech. Now we know that even the Federal Reserve (now that their minutes have been released) were comparing the NAZ to the South Sea Bubble at their Dec '99 meeting! We are starting to get to that point with housing ...

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