Sunday, 30 September 2012 - 12:14pm

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Published by Matthew Davidson on Sun, 30/09/2012 - 12:14pm in
well said

Another neat summing up from a Boinger:

"[...] this episodic bubbling (and so soon after the first .com bubble, no less), leads one either to the depressing conclusion that 'the market' is a damn moron, or that it consists largely of cynics who are in on the joke, and morons who provide a food supply for the cynics. Neither option seems terribly healthy."