Echo Bubble

It's a missed opportunity that no techno band ever called itself "Echo Bubble." There's still time...

Think about an echo. You're standing at the mouth of a cave and you yell out your name. You hear the name repeated back at you, quieter and quieter until, eventually, it's silent again.

Okay, now think about a bubble. Not the soapy floating thing that kids love. The financial kind. The kind where suddenly tulips are selling for house-sized prices and the whole trading community has lost its collective mind.

Now put the concepts together.

You have a financial bubble. That bubble bursts. But some people still hold tragic hope that it was all a dream-turned-nightmare. So as prices fall, suckers move in to "catch the falling knife." Wall Street phrase, common in bubble-burstings. Prices go up again for a while. A new bubble-ette forms. Not as big as the first one, but a smaller, quieter version. An echo...an echo bubble.

Of course, it's still a bubble, so it's bound to burst. But again, as they say, "falling can feel like flying...for a while."