Incoming Crash

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  1. The mere fact that massive swings like this can be seen as perfectly normal (by the talking heads and those heavily invested) instead of causing a panic that turns into a cascading failure is truly incredible to behold. When a cumulative loss in value (from peak) that exceeds $3T is just blown off as the normal course of operations, I can’t even grasp what would be a sufficient hiccup to actually capture people’s attention and jar them back to reality again. The “easy come, easy go” attitude that can so blithely ride out these violent swings in the market (without a panic induced crash resulting from them) is truly something to behold. All I can see now is a casino full of desensitized, wishfully thinking fools.

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