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Politics : Ask Michael Burke
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To: Kailash who wrote (48452)2/23/1999 2:39:00 PM
From: Wildstar  Read Replies (2) of 132070
 
>>>"I think I have an answer now, in that it's very difficult to judge, except in retrospect. If any stock market ... falls by 30 or 40 percent in a matter of weeks or a very few months I will grant that there was a bubble back there. The issue of trying to identify a bubble in advance means you have to be confident enough to predict a decline of that order of magnitude, and I don't know anyone who knows how to do that. <<<

So it's a bubble only once it pops but not before?
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