Jeremy Grantham: 28 Bubbles since 1928

[elltel]

I have seen this mentioned a few times recently and was searching for a list of them.... any thoughts? Or perhaps the board can help?

 

1) Internet bubble

2) Gold in 1980s

3) Housing bubble 2003-2007 (USA)

4) Housing bubble Australia (currently in one)

5) Gold ...now?

6) ...

[twacowfca]

I have seen this mentioned a few times recently and was searching for a list of them.... any thoughts? Or perhaps the board can help?

 

1) Internet bubble

2) Gold in 1980s

3) Housing bubble 2003-2007 (USA)

4) Housing bubble Australia (currently in one)

5) Gold ...now?

6) ...

 

Beanie Babies.  Got a drawer full.  Any bidders?  ::)

[biaggio]

Sports cards + memorabilia

[Guest Dazel]

 

Japan real estate was the biggest of all...and of course their stock market followed.

1929 stock market

these are the biggest with largest pain...well we will see we may not be done in America yet.

 

Dazel.

[twacowfca]

Sports cards + memorabilia

 

 

Sport cards bubbles, like tulip bulbs, are self limiting because they are subject to increasing supply.  The spread between the wholesale bid and the retail asked is very very very wide, generally no bid for all but the most sought cards.  Rare exceptions such as a certified 1956 Mickey Mantle card are touted as examples to perpetuate the illusion of amazing gains.  The markets for most memorabilia are illiquid and also subject to very wide spreads.  :-[

[ragnarisapirate]

Drybulk shippers a few years ago.

 

Railways and air freight were things talked about in the zweig ed of the intelligent investor.

 

POGs, various game systems (like PS2 and Wii), and tickle me elmo's (along the line of beanie babies)

 

would $150 dollar oil from a few years back be a bubble?

[SmallCap]

How about the price of Seth Klarmans book. I think the same idea of the sports card could be applied to this where there is an artificial limiting of supply and if that ever ends the bubble will be burst.

[Guest broxburnboy]

If you believe gold is now in a bubble then check out some of the other commodities..

http://www.tradingreview.com/copper-chart.html

http://www.tradingreview.com/feeder-cattle-chart.html

http://www.tradingreview.com/heating-oil-chart.html

http://www.tradingreview.com/pork-bellies-chart.html

http://www.tradingreview.com/soybean-commodity-chart.html

 

etc. etc. etc.

 

Perhaps not all of these are in bubbles... perhaps the bubble is in the measuring stick - USD dollars (debt):

 

 

[goldendad]

Sports cards + memorabilia

Rare exceptions such as a certified 1956 Mickey Mantle card . . .

 

Too funny you used this example since I own one of these (with an inherited basis of 5 cents or whatever the pack of cards cost back then).

 

Another obvious bubble not mentioned above was the Nifty Fifty.

 

And U.S. farmland had a bubble in the 80's as well I think.