Excellent!
Glad you like that observation. A related one [expressed in terms I've not seen elsewhere]: in a properly-functioning market, rising prices wave red flags which sane buyers regard as a signal to slow down. In a boom, the red flags are interpreted by bulls as a signal to charge ahead, causing prices to rise further (thus causing the bulls to charge ahead still faster) until they've chased everybody else out of the market.
Suppose there's a need for at most 10,000 whizbangs, and they could be produced in that quantity for $100 each. The maximum total value for any quantity of whizbangs would be $1,000,000. If in response to a momentary shortage which caused prices to rise, bulls started buying up whizbangs in the hopes of future price increases, they might manage to push up prices further, and such price increases might in turn cause producers to ramp up whizbang production, perhaps causing suppliers to produce 100,000 whizbangs at a marginal cost of $1,000 each. At some point, however, the price will exceed any value someone could hope to gain from buying a whizbang. At that point, the bulls will have 100,000 whizbangs, that will have been created at a total cost of $100,000,000, but which were never worth more than $1,000,000 altogether. Bulls may think money was lost when the market crashed, but wealth started being dumped down the drain the moment the 10,001st whizbang was produced, with the waste accelerating up until the market crash.