Monthly Archives: June 2022

How do bubbles form? Tulips, GameStop (and Crypto) help explain

The video below from the Wall Street Journal offers a helpful refresher on how asset bubbles move. Worth the 7 minutes. Asset bubbles are easy enough to define, but not so simple to identify. WSJ’s Gunjan Banerji explains what bubbles … Continue reading

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Big bounces par for bear market course

Cryptocurrencies are bid this morning, and US markets are reopening with a bounce following the steepest losses since March 2020 (the S&P fell 5.8% last week, -10% this month so far). As shown below, courtesy of The Daily Shot, the … Continue reading

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Bear market update

Starting a new week with US markets unplugged today offers a moment to review the bear market progress to date. From their most recent highs: S&P 500 -23% Nasdaq -32% Russell 2000 small caps -32% TSX -14% Cdn $/USD -7.8% … Continue reading

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