Mass Delusion - American style

Read entire article HERE

" The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the vast majority of Americans act like a herd of cattle or a horde of lemmings. Throughout history there have been many instances of mass delusion. They include the South Sea Company bubble, Mississippi Company bubble, Dutch Tulip bubble, and Salem witch trials. It appears that mass delusion has replaced baseball as the national past-time in America. In the space of the last 15 years the American public have fallen for the three whopper delusions:

Buy stocks for the long run "
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Note: Extraordinary Popular Delusions and the Madness of Crowds is one helluva' book - this article discusses bubbles in the book. Another parallel we are living with past mass delusions - in my opinion anyway - is the similarity to the "Crusades" - also discussed in that book .