When does the Game Stop?

To those who are calling dot-com 2.0, remember that no two crises are exactly the same. Despite the shift in sentiment among talking heads, this could go on longer than most anticipate. It could still be months or even years, depending on how things like CPI inflation, monetary policy and retail trading sentiment/funding go. Even if things crash soon, it is possible central banks will start an extended period of ping-pong with market levels; propping fast and harsh crashes up repeatedly until moral hazard is sufficient to drive markets to truly unstable levels or central banks miss a step.

Be prepared

Tom

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