A Monument for the Ages
Princess Gwen here, from the top of the Eiffel Tower. A Princess simply must go to Paris to see the sights and take in Fashion Week.
And this Princess can't help but wonder if the market is now finished taking in the marvelous view from the top of the Eiffel Tower, and is ready to come back down. It's hard to get a sense of just how tall the Eiffel tower is from pictures. It stands out against the Paris backdrop. In person, it is a magnificent, imposing structure. It just goes up, and up, and up. Much like the market.
This Princess has spent the past year anticipating a bear market, with no real idea of when it would start. And then it dropped. Like a trap-door opened up. When things drop this fast, with this little explanation, there's often something you can't see. The virus has been in the public view for a while. Claims that this drop is purely due to the new virus seem off. So, is there something that we can't see? A financial player in trouble? There was a lot of speculation a few months ago when the Repo market blew up, that a foreign bank was on the verge of default. There was speculation that a German or a Japanese bank was in trouble. If so, this drop is just the beginning. Those who are in the know are trying to get ahead of this, selling, or shoring up what they can.
The virus is very bad. But there might be more going on. Either way, this seems like the beginning of the bear market. If true, the other half of this Eiffel tower is about to be built.
And this Princess can't help but wonder if the market is now finished taking in the marvelous view from the top of the Eiffel Tower, and is ready to come back down. It's hard to get a sense of just how tall the Eiffel tower is from pictures. It stands out against the Paris backdrop. In person, it is a magnificent, imposing structure. It just goes up, and up, and up. Much like the market.
This Princess has spent the past year anticipating a bear market, with no real idea of when it would start. And then it dropped. Like a trap-door opened up. When things drop this fast, with this little explanation, there's often something you can't see. The virus has been in the public view for a while. Claims that this drop is purely due to the new virus seem off. So, is there something that we can't see? A financial player in trouble? There was a lot of speculation a few months ago when the Repo market blew up, that a foreign bank was on the verge of default. There was speculation that a German or a Japanese bank was in trouble. If so, this drop is just the beginning. Those who are in the know are trying to get ahead of this, selling, or shoring up what they can.
The virus is very bad. But there might be more going on. Either way, this seems like the beginning of the bear market. If true, the other half of this Eiffel tower is about to be built.
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