This time investors are putting too much faith in the flawed notion that inflation and the business cycle are dead.

ECONOMIST: American interest rates

Over the past several years I have heard many corporate executives claim that the semiconductor cycle was dead, and that the industry was entering a less volatile phase in which it would remain indefinitely.

FORBES: Is the Semiconductor Cycle Dead?

The skin's normal 30-day shedding cycle speeds up to 3 days, and grotesque plaques of dead skin begin to form.

FORBES: Skin Deep

After all, the rationale is simple: Even though it's hard to pick winners this early in the industry cycle, your chances of picking losers are incredibly good as the dotcom dead pile up.

CNN: Playing the IPO Game