I last wrote about Cynk Technology Corp back on July 9 when it was at the “lunatic” price of $9.70. Well thank goodness I couldn’t short it, because it more than doubled shortly thereafter. And then it got halted. You, ummm, probably know what happened next:
When I wrote my history book about the history of financial markets, I was stunned at how blinkered the human race is when it comes to financial bubbles. They simply………don’t……….learn. And every blessed time, they think they’re smarter than generations past, but they’re not. CYNK, to me, is representative of this entire hyperinflated market as a whole. Chipotle only makes a little more sense than CYNK did. My fondest wish, of course, is that the entire house of cards follows suit. Then it’ll be time for the second edition of Panic Prosperity and Progress.
