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Albert Edwards Got His Crash
As time marches on, there are few of us left who were in the industry during the 2000 Nasdaq crash let alone the 1987 crash. I was there, and the one thing I have learnt is not to be complacent.
-- Albert Edwards, July 18, 2024
Broken clocks, I know. Still, I got a hearty chuckle this week, in part at my own expense, when a couple of major developed market equity benchmarks suffered an out-and-out crash just three weeks after Edwards said a collapse might be imminent.
To be sure, Albert got t
Keyword: “gOt”.
Thank you for the Bob Ross reference!
You seem to ink up your favorite funny quill for Alberts.
Love the portrait, graphic of him.
Yes, love the Albert portrait.
He wouldn’t wear that suit, though.
You are an artist and have some liberty in the matter.
That IS Captain Kangaroo’s suit, no?
If there’s one thing that took me too long to figure out is that too many talking heads omit all reference to timelines, let alone strategy or anything else that is paramount to personal investing decisions. I may have ~sort of~ had that down by the time I found Mr H, but reading him for years has certainly helped me in that regard.
H-Man, it has been sometime since we had a barn burner like 2008 or 2000. The consumer has had some heavy lifting to do and needs rates to come to the rescue with a little help from the Fed. Not sure that after 16 years without a barn burner there is a hall pass. (2020 was not a barn burner, more like a hiccup).
Are Edward’s trees more Tim Burton like? It wasn’t that long ago (Q4 2021 to Q4 2022) that the Nasdaq fell like 35% with many individual names losing much more. That was when NVDA sported a 1 handle pre split…perspective is important. Edward’s illustrations are food for thought. Appreciate the work here and the comments that follow.