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<p>[QUOTE=&quot;medoraman, post: 1502190, member: 26302&quot;]But it wasn&#039;t IMO. Looking back, the strongest prices were always paid for unique, new varieties, varieties which were assumed to have strong returns from future duplication. Common varieties only modestly went up, and even those were a function of expected future production originating from them. Basically, the entire market was very rational IF you assumed future demand was going to continue to grow at current rates.</p><p><br /></p><p>So is it a bubble if the procing is rational but its just your assumptions of market growth and pricing that are flawed? I would understand if people only bought because prices were going up, like housing in 2000&#039;s, but the prices of the bulbs were analyzed, and the calculations supported the pricing at the time.</p><p><br /></p><p>Sorry everyone else if you view this as OT, if you want I can just PM Cloud on this discussion. I do think differences between bubbles and assumption error pricing could be applicable though to this discussion.[/QUOTE]</p><p><br /></p>

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