Quote:
Originally Posted by mspeed76
a bubble would imply an oversupply and no genuine demand. neither is true
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I don't think that's the right definition of a speculative investment bubble. :)
Supply isn't as relevant to the definition as speculation on value not rooted in fundamentals is.
People are talking about investing in non-vintage watches for, probably, the first time in history.
Sounds like tulip mania to me.