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Many investors seemed to be buying stocks yesterday simply because they were rising, Mr. Henwood said.
For years, stock traders who bought shares because they were rising in price -- known as momentum investors -- scoffed at the concept of value investing.
In his interviews with WorldCom investigators, however, Mr. Myers stated in effect that he and Mr. Sullivan had begun shifting expenses because they were rising over historic levels, even though he knew "that this approach had no basis in accounting principles".
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Instead, investors seem to be buying stocks because they are rising -- which is pretty much the definition of a bubble.
And individuals and institutions alike have embraced momentum investing, a strategy of buying stocks as they rise because they are rising -- and hence another contributor to market frenzy.
He said fallen and dangerous trees have blocked the road at Holming Beam, a number of paths around the Postbridge area have been washed away and rivers were "very unpredictable" because they are rising and falling extremely quickly.
But they're rising because of big government debt.Mr Paul made similar comments at a recent fund-raiser in New Hampshire.
They are rising because the majority of women in prison are there with histories of being victimised by violence that directly or indirectly led to their incarceration.
New Hampshire also has some of the highest property tax rates in the nation, according to the Tax Foundation, a nonpartisan research group, and they are rising because of the drop in real estate values.
Many investors who bought because prices were rising may have now fled.
IT was only in the waning weeks of December that Value Trust started to build a lead on the S.& P. 500 -- not so much because the fund's stocks were rising as because they were not falling as fast as the market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com