http://rufuspollock.org/2009/06/02/talk-by-frederick-scherer-deregulatory-roots-of-the-current-financial-crisis/ Wed, 18 Jan 2012 14:17:51 +0000 hourly 1 http://wordpress.org/?v=3.1.4 http://rufuspollock.org/2009/06/02/talk-by-frederick-scherer-deregulatory-roots-of-the-current-financial-crisis/comment-page-1/#comment-163242 avmed Sun, 21 Feb 2010 19:52:55 +0000 http://www.rufuspollock.org/2009/06/02/talk-by-frederick-scherer-deregulatory-roots-of-the-current-financial-crisis/#comment-163242 <p>Any asset class can be viewed in a 'bubble' if the datapoints are manipulated. You say stocks are in a 'bubble' because they have sharply increased in value in the past 11 1/2 months. If you adjust the starting point by 6 months, stocks have declined in value. Is that a bubble? Just because something goes against your investment outlook doesn't mean its a 'bubble' it may just mean that you were wrong.</p> Any asset class can be viewed in a ‘bubble’ if the datapoints are manipulated. You say stocks are in a ‘bubble’ because they have sharply increased in value in the past 11 1/2 months. If you adjust the starting point by 6 months, stocks have declined in value. Is that a bubble? Just because something goes against your investment outlook doesn’t mean its a ‘bubble’ it may just mean that you were wrong.

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