Akram's Razor

Chegg: Bubbles And Slipping Through The IPO Cracks

"Whaaat is the deal with elevators...if I wanna go up and down everyday I'll just trade the market."-R.A.

There has been a lot of talk about bubbles lately. And what I find interesting is that the reference point is often the tech bubble in 1999/2000. I say this because frankly speaking, I do not believe that the measuring stick for a bubble should be a preceding bubble. Is this market not a bubble because it's not Souk Al Manakh? Should my reference point really be a former camel trading shop whose total market cap surpassed that of all the listed stocks in the UK or France? Or should I use late 1980s Japan, in which the land underneath the imperial...

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