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The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Tuesday, December 17, 2013
Is The S&P500 Still 13% Below Its Previous Peak?
Adjusted for inflation, the current level of the S&P500 has still not bested the 1999-2000 level, meaning there are bubbles, and then there are bubbles.
That said, the last "bubble" in 2007 has been surpassed already.
