If I just
took out the facts of this industry
whatever you want to call it, sector, you
know ten years ago there were none. Now
there are over 2,000 and if I gave you
that fact and then I showed you the
charts of 100 of them or a thousand
of them and they all go straight up you would
say whatever what is that that's a
bubble, whether it's cotton or Brazilian
stocks or whatever it happens to be you
would say that's a bubble. So it looks
like a bubble but bubbles can go on a
long time a lot you and they often do
but just because it looks like a bubble
doesn't mean it's the end of the story.