Not as compelling as the peace between the Montagues and Capulets the denouement of business models perched on the prayer that trees will grow to the sky fast enough to salvage underfunded pension obligations is nigh.
That business models have been valued at more than ten times revenue while insiders abandon ship with reckless abandon is a question for behavioral psychology.
Mr Grantham has a view that past is prologue two decades out from the implosion of 2000 and five centuries removed from tulips. Mr Grantham reminds that Amazon traded from 95 to 7 between 1999 and 2001. Is there any reason that a reversal of percentage change should be different this time ?
The path is known.
The trajectory is welcome for inverted trend trading. The optimism of new high price breakouts replaced with new low price breakouts and instruments that benefit from price declines have multiplied since 2000. The starting point is a saunter through the underlying business models valued with hydrogen approaching a flame. The psychology of selling rallies for capital gain replaces buying dips swimming with the tide as it rolls out.
To wit
GDP of Portugal mc 211 ps 10
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