Greed is Good: Or at least Greed is Greed

Someone using the nom de plume The Ugly Truth at the financial website Seeking Alpha has published an interesting article on Apple's stock price performance and whether or not Apple's stock is, in fact, in a bubble.


Which brings me to the psychological point about financial bubbles. The Ugly Truth republishes a chart I've seen before, which is a great representation of the way people react to perceived, easily available money: Greed!


When your barber is talking about trading options on Apple stock, it's time to get out of Apple. When your neighbors are creating trading pools to form investment clubs, it's time to get out of the market. When the guy pitching internet web development to your boss (in 1999) says "this time it's different", then do not walk but run away.