After years of Fed-induced market mania, analysts lost the neurological ability to fathom that stocks can actually go down.
It’s happening right now, smacking down one company at a time.
There are many parallels to the zany days of the dotcom bubble, but this time, it’s different: it has a darker hue.
They’re supposed to save the Eurozone, but the sanctions spiral against Russia and a whiff of reality take their toll.
They indicate “an inflection point,” as they did in 2008 and 2011. Even relentlessly exuberant VCs are warning.
A true debacle is unfolding. Just when we thought the euro was finally safe.
What’s left is a toxic mix: dropping sales, still rising prices, ballooning inventories.