Well, the train wreck is now in full force. Sitting back with the popcorn, thinking back to how I have seen it so many times before.
It’s almost a wash, rinse, repeat cycle. I love the phases...
Starts with the hype build up, the ramps, the blue sky... then the odd hiccup, a small stumble... but back into blue sky...
Then a fall, a semi crash, the first sign all is not well.... but the true believers come out, all is still well, the hype builds again, bigger and better... a new high, see those silly disbelievers what did they know.... now comes the climax, the moment of truth, the faithful will be rewarded....
But alas, in the smoke and haze is disappointment, here comes the crash..... the disbelief... how could they. Some run, others buy more, it will be ok... look, a dead cat bounce, all will be well...
But cut after cut comes... a restructure, the MD goes, an examination of the business... a slow death.... off into sleep until the cycle repeats....
First oil.... then diamonds.... then rubies.... next time some thing else.... graphite perhaps...
But don’t worry.... next time will be different.....
* Note... the above are the ramblings of a silly old man.. too young to know, but too old to know better
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