by JL Yastine
The Sovereign Investor
Got any beeswax and some rope?
I’m just asking. Because that may be what it takes — like Odysseus having the stuff put in his ears and his sailors strapping him down on the prow of his ship — to avoid disaster in the coming siren song of manic greed…
You know what the siren song sounds like. It’s the melody of bullish investors throwing caution to the wind, eagerly crowing “I told you so.”
It’s the gnashing and grinding of teeth as staunchly bearish investors shout “Why should everyone else get rich and not me?” and then join in the game.
That’s what market melt-ups (i.e., bubbles) are all about.