After the big stock market decline of October 1987, Drucker said he had expected it, "and not for economic reasons, but for aesthetic and moral reasons."

"The last two years were just too disgusting a spectacle," Drucker said. "Pigs gorging themselves at the trough are always a disgusting spectacle, and you know it won't last long."

Drucker termed Wall Street brokers "a totally non-productive crowd which is out for a lot of easy money."

"When you reach the point where the traders make more money than investors, you know it's not going to last," he said.

"The average duration of a soap bubble is known. It's about 26 seconds," Drucker said. "Then the surface tension becomes too great and it begins to burst.

"For speculative crazes, it's about 18 months."
(From the AP today)

NYT view
http://www.nytimes.com/2005/11/12/business/12drucker.html?hp&ex=1131771600&en=e8e1d4027d5ecb43&ei=5094&partner=homepage
_________________
Ray
1973 BMW 2002, Turkis 2589061, and boring family cars