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None of This Makes Any Sense

The asset bubble has become 'Too Big to Burst'
Monday, December 2, 2013, 12:33 PM
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I have to confess, these are trying times for those of us trying to make sense of the markets from a fundamentals standpoint.  We are back in serious bubble territory, and during the heights of bubbles, all sorts of newly-minted rationalizations are bandied about as the new wisdom or a 'new normal'.

I am simply amazed that we are in yet another massive bubble, so soon after the last ones, and that so few remember the lessons from those events.

 

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