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<p>[QUOTE=&quot;Cloudsweeper99, post: 1313768, member: 3011&quot;]I don&#039;t agree.&nbsp; My experience has been that markets are pretty efficient most of the time.&nbsp; That is why bubbles are so rare and why it is difficult to make money in the markets.&nbsp; During the past couple of decades, we have experienced two real bubbles -- one in Nasdaq stocks and the other in real estate.&nbsp; I think the fact that these occurred recently have influenced people&#039;s thinking about markets, believing that the exception has become the rule.&nbsp; CNBC now reports every price rise as a &quot;bubble.&quot;&nbsp; Perhaps it is because they completely failed to identify the Nasdaq and real estate bubbles, and don&#039;t want to be caught a third time.&nbsp; Perhaps this is why people see bubbles everywhere these days.[/QUOTE]</p><p><br /></p>

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