Two bubbles boomed and busted in this decade? markets are more inefficient!

Those who said markets would become more efficient with the new communications technologies, were proved wrong.

Two bubbles boomed and busted (dotcom and housing) , and the decade isn't over yet.

 

YOU FORGOT COMMODITIES

 

and emerging markets

 

and Quants.

 

and Britney Spears

 

isnt that more efficient when they become obscenely expensive and then totally implode in a much shorter timeframe?

used to take decades for that to happen
progress marches on!