[Article] Of Tulips and Bitcoins
There is one unmitigated mania remaining. It is in Bitcoin, the world’s first successful digital currency.
There is one unmitigated mania remaining. It is in Bitcoin, the world’s first successful digital currency.
The practical thinking that dominates in a bull market carries a “reverence for science.” In a bear market, “magical thinking” prevails.
Social clashes take myriad forms, but one bellwether rift that has an almost perfect record of erupting into open hostility right at the onset of major downturns is in the Mideast.
Can a basket of equities backed by a broad cross-section of commercial fantasy images developed over the course of a bull market reflect the end of that bull market ahead of other major indexes?