Dramatic swings like the ones we are experiencing are -- in the long run -- not good. Altman is the mis-allocation. It's like fiber in the late 90s. To be the firstest with the mostest, they are paying tippy-top prices (with other peoples' money) for something that could be done at 1/2, 1/4, 1/10... the cost a year later. There are so many potential scenarios ending a price collapse. Product ends up in warehouses, sold for pennies on the dollar, or in landfills. Suppliers go from record profits to bankruptcy.
And worst of all, most house slaves in this country have their pensions tied up in the limited number of funds offered by their company -- most of which automatically feed into this mis-allocation. The employee is powerless to opt-out of it without sacrificing his company match and/or vestiture.
And worst of all, most house slaves in this country have their pensions tied up in the limited number of funds offered by their company -- most of which automatically feed into this mis-allocation. The employee is powerless to opt-out of it without sacrificing his company match and/or vestiture.