by Charles Hugh Smith
Of Two Minds
Needless to say, few are expecting bubble symmetry to manifest now, because, well, of course, “this time it’s different.” Indeed. It’s always different and yet always the same, too.
Let’s indulge in some basic logic:
1. All speculative bubbles pop, regardless of source, time or place. (100% of all historical evidence supports this.)
2. The current “Everything Bubble” is a speculative bubble.
3. Therefore the current speculative bubble will pop.
Now that we got that out of the way, the question becomes: how will the crash play out? There is no way to forecast precisely when or how the current speculative bubble will crash, but history offers a few potential templates.