Market Bulls More Optimistic Than Ever … Uh-Oh

Nassim Taleb tells a little parable in his excellent book Black Swan. It’s a moral tale about the Thanksgiving turkey. For months leading up to Thanksgiving, it is singled out for good treatment. It is pampered and well-fed by its human caretakers, and it has no reason to think anything foul (pun) is afoot. In […]

Continue reading →