Bubble Behavior?

By |2014-11-16T19:55:13-05:00November 16th, 2014|Commodities, Currencies, Markets, Real Estate, Stocks|

I really hate the term bubble. With regard to markets, frankly it has no meaning. One man's bubble is another man's rational bull market. There is no agreed upon valuation metric which, once exceeded, pegs a market or a sector or a stock as a bubble. My view on the matter is that "bubbles' are about behavior, about seemingly normal [...]