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I can feel it coming, S.E.C. or not, a whole new round of disastrous speculation, with all the familiar stages in order-blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then another garbage market in new issues, and finally the inevitable crash.I don't know when it will come, but I can feel it coming, and damn it, I don't know what to do about it.
Romansco et al. (Sun,) studied this question.