Feb 02, 2018 04:20 PM
You probably know the law of gravity as “what goes up must come down”. There are exceptions based on thrust, the lift of wings, helium balloons and so forth, but unless you hit escape velocity most things come back to Earth. We are seeing some prime examples this week. The Bitcoin bubble has burst, with prices retracing more than 60% of their rally. Cotton is now -9% from where it was the week of the January crop report. The biggest bull of all, the stock market, finally saw a 4% correction.