In the early 18th century there was the South Sea Bubble, an investment mania rather like the dot.com fiasco, and the tulip mania. (If you haven't heard of that one, look it up!)
As proof that not only fools get caught by these things, consider the lament of Sir Isaac Newton. "I can calculate the motions of the heavenly bodies, but not the madness of people."
Um. Doesn't "what goes up must come down" apply here?
Jo
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