Bubbles always burst. It is just a question of when, and who gets hurt when they do burst.
- The first stage of a bubble is when most smart money declares we are NOT in a bubble…it is different this time.
- The second stage is more dangerous. Many people agree that we are in a bubble, but it will last another year or two, and there is still money to be made.
- The third stage is when the bubble has burst but most people are in denial and think it is a temporary set back.
- The fourth stage is when everyone agrees the bubble has burst and life will never be the same.
More articles about bubble:
“Bubble or normal failure scenario?”, and “I’ll trade my two $50K cats for your $100K dog“, and of course “Fear is temporary, greed is permanent“
