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1 Comment
Investing in a Resource-Constrained World (Part IV) [view article]
On a purely technical level, healthy bull markets do not develop parabolically. POT undoubtedly is. Also, making comparisons with Nortel and Cisco during the dot com bubble is absolutely apt. Bubbles don't just depend on supply/demand relations, but involve positive feedback loops, herd psychology and the grater fool theory--all of which can be applied regardless off the underlying issue.Look at the charts, they tell the whole story. Jul 13 03:00 PM