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<p>[QUOTE=&quot;longnine009, post: 2031177, member: 1886&quot;]Because they buy the herd narrative: &quot;no one knows where the top is.&quot;&nbsp; Why does it matter that no one knows? If prices keep spiking your getting closer to the top wherever it happens to be. Which can only mean there is less distance to the top and so less reward available and more risk inherent. Or an upside down risk/reward ratio.</p><p><br /></p><p>If some become troubled with that they might convince themselves that: &quot;this time it&#039;s different.&quot; If they really start to worry there&#039;s: &quot;we&#039;re in un-charted waters&quot;-hey it&#039;s an adventure; lap it up! Or they may see that it&#039;s a bubble but they&#039;ll get out in time. Not sure how that one works. Does an angel appear in the night and tell &#039;em to close out by certain a date?</p><p><br /></p><p><img src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTdk6t2mf1Ebv9zGjFcHtWeEqaxABg4flh83RrPjhFhWuUGZk61RChofbU" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Pity it was written in 1954 because, you know, &quot;this time it&#039;s different.&quot;[/QUOTE]</p><p><br /></p>

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