“In the modern era, the validity of an enterprise is not so important as whether it conforms to an elite dominant social theme. This is the age of promotion and Facebook and now Twitter show us clearly how Wall Street is being used to change business expectations.  Wall Street is embarking on a party! We’ve written about it numerous times. Afloat on a sea of money-from-nothing, Western – and Asian – stock markets could go higher still. In the process, bankers and brokers shall monetize companies that conform to elite memes but have little else to recommend them.  Of course, fortunes may be made nonetheless, and savvy readers of The Daily Bell may also partake.”

http://www.thedailybell.com/news-analysis/34731/The-Madness-of-Twitter/

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