There is much talk around the google box that the current move in markets is a sign of an investment bubble. I am not so convinced – the moment markets actually go up people start screaming bubble followed by here comes the crash. Such cries are merely the emotional swings of hormonal market commentators. However, one thing does intrigue me and it is the likes of stocks such as Cynk which is supposedly a social media platform ala Twitter. Cynk has according to its filings has no assets, no employees and no revenue. Despite this, it somehow got listed and has a market cap of around $4 billion…..WTF?
