of an “epic bubble,” but since then it has inflated further and now has even more to fall, as much as 50%.
In many ways, there is a predictable cadence to how people react when stocks sell-off just as there is when they soar. “I told you so” becomes a common refrain, a tsk-tsk that any sane person should have known that this was coming, that the writing was on the wall, that what goes up must come down. And of course, there is, some truth there.