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I remember a college "introduction to economics" class where the professor asserted that in this new technological age, the typical economic cycles of growth and recession were obsolete; that from here on out it was just growth growth growth. This was in 1999.

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This is the basis for my new bubble investment strategy. You wait until you start reading articles about how X is going to go up forever, then you want 3 months, and short X. They said the same thing about housing prices.

Nice. That sounds like a professor that shouldn't be listened to. I wonder how much of his retirement money got lost in the .com bubble?

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