Marketplace Economics

[Bob Wier]

One of the operative principles in selling stock is the
"greater fool" theory - which runs that no matter what you pay
for a stock, there will be a greater fool than you willing to buy
it at a higher price regardless of the underlying value.

Or at least this will continue until you run out of greater fools
and the market collapses...

It could be suggested that much of the action on e-bay at
the high price levels being seen now are based on someone buying
on speculation, figuring to be able to re-sell later on at an even
higher price...


73's de WB5KXH

--Bob Wier

wier at calcite.rocky.edu

Sponsored by the City of Tempe 

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