6/26/2023 0 Comments Dropbox stock insider srll offIt is real and – moreover – is the cause of material supply chain, transportation, tourism and trade disruption that will have a substantial impact on economic activity over the next several months. This is not to minimize the magnitude of the viral threat. The equity markets (particularly those in the US) were just waiting for someone or something to strike a match. Something, even an event wholly unrelated to the market bubble, is always the immediate trigger of a meltdown.Īnd, as I wrote in this space one month ago, well before the ongoing viral crisis took hold of investors' – much less the world's – attention. So it has been with the global concern over the novel coronavirus designated COVID-19. So it was with commercial real estate defaults in the late 1990s, with Japan entering recession at the peak of the dot-com bubble in 2000, and with residential mortgage delinquencies in 2008. Just forest fires have their proximate cause in the carelessness or maliciousness of human behavior, or lightning strike, on dried woodlands – so too must the destruction of tenuous market values always have a point of ignition. All substantial market corrections or bear downturns begin with some form of catalyst.
0 Comments
Leave a Reply. |