Quote:
Originally Posted by mineistaken
Same could be said about tulip bulbs or Maddoff ponzi scheme.
I am not saying this would happen, I am saying that profits does not mean its not a bubble/scam.
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markets are manipulated all the time. hell the stock exvchanges run on rumours. plant the right rumor- profit.
so are stock markets scams?
and all businesses arew bubbles, expansion contraction, etc. the problem is if/when that bubble pops and if you are left holding the remnants.
was the 1929 stock market crash a bubble?