Axios Capital: When stocks become ironic

There have been moments of market euphoria in the past, moments when stocks stop being a serious mechanism for the allocation of scarce capital, and start being a fun, positive-sum casino. 

There have also been moments of national crisis, with tens of millions on the unemployment rolls and an implacable enemy killing hundreds of thousands of innocent Americans. 

This entry was posted in Uncategorized. Bookmark the permalink.