Loading ...Assume Crash Positions!
And so here we are: every box of a bubble top about to burst with unimaginable force is ticked. Traders sporting gray streaks in their ponytails know from experience that every bubble pops, and all the endless analysis after the fact boils down to: things changed.
Timing is everything in a crash: as Thomas Hobbes is reputed to have observed, “Hell is the truth seen too late.” Well said, T.H.: when the market goes bidless, it’s too late to preserve capital, never mind all those life-changing gains.