What now?: Moving past the correction: “That no one found it odd that the Nasdaq averaged a 42 percent annual return is likely the most important ex post facto discovery. The true rarity of what occurred was the wholesale and widespread belief that ‘it really was different this time.’ And now that the party is over, blame is certainly in the air. The fund managers blame the investment bankers, the venture capitalists blame the markets, the bankers blame the day traders, and the media blame everyone. But no one should cast stones, for everyone’s house is made of glass. Valuation bubbles occur when everyone accepts the new reality, and for the most part, everyone did.”