A wise man once said ?(to paraphrase BG): In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine.
Moments like these feel like the rough transition from votes to weights and measures. Agree that speculation will indeed return. Tulips, CDOs, monkey JPEGs, next time will be the same, but different.
A wise man once said ?(to paraphrase BG): In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine.
Moments like these feel like the rough transition from votes to weights and measures. Agree that speculation will indeed return. Tulips, CDOs, monkey JPEGs, next time will be the same, but different.
Agreed! How much is this weight...let's see.