{"id":2730,"date":"2010-12-22T07:43:40","date_gmt":"2010-12-22T14:43:40","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2730"},"modified":"2018-08-17T08:34:11","modified_gmt":"2018-08-17T12:34:11","slug":"tiny-bubbles","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/12\/22\/tiny-bubbles\/","title":{"rendered":"Tiny bubbles"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">After the dot.com bubble burst in the late 90s I had hoped that investors would have digested lessons of what an asset bubble looked like.\u00a0 But as the years of the 00s ticked themselves off it was obvious that the unconscious greed that permeated your average Joe and Jane Doe-Trader had not been blown out of the system.\u00a0 Even as early as 2003 at the Davis Funds we were talking about the fact that interest rates were too low and likely creating a bubble in interest rate sensitive industries, like real estate development.\u00a0 Have we learned vigilance against &#8220;irrational exuberance,&#8221; as Alan Greenspan once called it?<\/span><\/p>\n<p><span style=\"font-size: 16px;\">I feel that the answer is yes, we have learned.\u00a0 With joy I celebrate the fact that various investing and finance publications routinely try and identify the &#8220;next bubble.&#8221;\u00a0 This is very healthy.\u00a0 Spotting and avoiding a bubble has become a part of a generation of investors&#8217; vernacular and secular process.\u00a0 Excellent!\u00a0 For me, this makes me more bullish on the stock market than if the spasms of\u00a0avarice were still present.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the dot.com bubble burst in the late 90s I had hoped that investors would have digested lessons of what an asset bubble looked like.\u00a0 But as the years of the 00s ticked themselves off it was obvious that the unconscious greed that permeated your average Joe and Jane Doe-Trader had not been blown out [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2730","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=2730"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2730\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=2730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=2730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=2730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}