It has always puzzled us when relatively recent history repeats itself, especially since we have the ability to study and apply lessons from the past and alter our behavior. Nevertheless, we feel we are reliving 1999 and 2000 today, with the current dramatic rise in the share prices of a select group of securities, the rush to own them at any price, and the unrelenting activity of a new crop of market participants.
Anecdotes can be a crutch for writers because there’s always one that can be trotted out to prove any point. That said, several taken together can show