bandwagon

It's uncanny the way it's tracking the classic bubble to burst lifecycle, eh? We're very lucky to be living through this time, I only hope we have an equivalent of Galbraith to document it properly in years to come.

Have you read "The Great Crash 1929"? It's one of the classics, perfectly describes recent events.

Also includes the 1925 Florida property bubble...

http://www.amazon.co.uk/Great-Crash-1929-P...2092&sr=8-1

I have my own personal rule for markets. When I buy into a market, it corrects.

There is an old fund manager by the name of Peter Lynch. He ran the top mutual fund in America for 13 years during the 70's and 80's.

He said much the same thing.

I was going to write some longer comments, but the picture speaks for itself...