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To: Perspective who wrote (22793)11/28/2001 11:35:59 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
The dismal long-term memory of the market is a requirement for a bubble.

Yes. It takes a few generations before it's even possible to have a bubble. As soon as enough time goes by that the lesson of the last bust is expunged, you have the first condition that will *allow for* a bubble to form.

How long and deep will the bust be? Exactly long and deep enough to cause people to give up on the bull completely.