Quote:
Originally Posted by Tyrone Slothrop
I think part of the reality of the situation is that even if you aren't drinking the Kool-Ade and think that there's a bubble, you can get killed betting against it if you don't get the timing right, because the market keeps going up as long as enough people keep betting on it.
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Absolutely. But that still isn't really "knowing exactly what is going on." People tend to use hindsight to say "bubble" and cluck disapprovingly at the participants who didn't somehow act to stop it.
But absent someone outside the market acting to put the breaks on (where were you Mr. Bernanke?), those within the market have little choice but to keep riding the waive, even if they think it is going to end someday.
