bubbles

Citi: This Is Why Wall Street Is Hard-Wired to Produce Bubbles
(Blame benchmarks)

http://www.bloomberg.com/news/articles/2015-05-15/citi-this-is-why-wall-street-is-hard-wired-to-produce-bubbles

A weary client once defined a bubble to us: “something I get fired for not owning”