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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (61004)9/3/2008 5:55:06 PM
From: tyc:>  Read Replies (1) of 78419
 
Tom

I've been reading a book called "Irrational Exuberance" in which the author points out how difficult it is to pin-point the causes of bubbles, He introduces the concept of "reverse bubbles" to explain irrational declines of the market such as occurred in 1929 and in the 1987 crash. I well remember being swept up in the '87 panic and dumping some Comoinco stock at $12 that I had just bought a week earlier at ~$20. It still "smarts"

I wonder if we are in a "reverse bubble" in the mining sector now, where people irrationally sell great values, and speculators fail to take advantage of low prices because of apprehension they may go even lower.

What do you think ?
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