Tag Archives: complacency

A Funny Thing Happened on the Way to Market Complacency / Euphoria

A relatively reliable measure of complacency/euphoria in the stock market just hit levels last seen in late January, just before stocks reversed in a massive meltdown, surprising all the complacent/euphoric Bulls. The measure is the put-call ratio in equities. Since this … Continue reading

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Following in Ancient Rome’s Footsteps: Moral Decay, Rising Wealth Inequality

There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of course intimately connected: once the morals of the ruling Elites degrade, what’s … Continue reading

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Thank Goodness Everything’s Fixed

Thank goodness everything’s been fixed. Now that the bigshots in the Eurozone have given Greece the Humphrey Bogart treatment– When you’re slapped, you’ll take it and like it, Bogart’s line as he bullied Peter Lorre in The Maltese Falcon–and a … Continue reading

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