#Technically Speaking: Another Way To Look At Long-Term Bubble Cycles – Investment Watch
Yes. We are in a stock market bubble. But what if conventional methods of examining market cycles miss a crucial point? While we often talk about parts of cycles (bull or bear), exploring the full-market cycle may provide another way to look at long-term bubble cycles. The Speculative Cycle Charles Kindleberger suggested that speculative manias typically commence with a “displacement,” which excites speculative interest. The displacement may come from either an entirely new investment object (IPO) or increased profitability of established investments. The speculation gets reinfor...
Source: investmentwatchblog.com