Stock markets have long tails and tiny brains

BloombergOpinion/John Authers/10-2-2019

“As yet the equity market seems totally unaffected, with volatile and risky stocks still making the running. Although the brontosaurus has been bitten on the tail, the message has not yet reached its tiny brain, but is proceeding up the long backbone, one vertebra at a time.” – Jeremy Grantham, June 2007

USAGOLD note:  After quoting Jeremy Grantham, Authers goes on to explain what has bitten the brontosaurus’ tail” and finds that the export business globally are in “true collapse.”

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