[…] As you may recall, the bubble denial by the central banksters was vehement, until everything collapsed in 2001.
Greenspan was taken aside by Robert Rubin after that ‘irrational exuberance’ speech.
And that was that. Until it all imploded, and then it was observed, ‘who could have seen it coming?
Stocks were lower today, weighed down by concerns about the spread of the Covid D variant, and China’s get tough regulatory policy towards its own big cap techs.
The NDX led stocks lower, but managed to gain some off the bottom.
You might recall what happened last week when stocks dropped sharply on Covid concerns.
Hint: the concerns were fleeting to say the least, and stocks went back to new bubblicious euphoria.