The Power of The Limbic System

"The answer, of course, is that the bubble hijacked people's reasoning faculties. As Chapter 8 of 'The Wave Principle of Human Social Behavior' explains, this is how social mood works. The desires and despairs of the non-rational limbic system are always in control, but it takes the extreme behavior of a bubble and collapse to reveal the driving force that is social mood. Still in control, social mood is now inducing people to believe that the crash has come and gone."
Steve Hochberg, Elliott Wave International

Bubble Amnesia

"The collapse of a Wall Street institution like Lehman Brothers looks nothing like the threatened closing of a branch library.  But this unfolding economic disaster is in fact a series of variations of a single theme.  When times were good and the future seemed bulletproof, all sorts of grand ventures were floated on waves of debt.  Everyone planned to be richer when the bills came due.  Only if the bubble burst would the bills become unpayable. How did so many people forget all at once that the bubble always bursts?"
Source: Time Magazine

A Technical Look At The Markets

For you market technicians, here's a really nice technical look at the markets from the PFS Group:

http://financialsense.com/Market/wrapup.htm

The Goldman Bubble Machine

This article has been getting a lot of attention....a very interesting read.

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine