The Care And Feeding Of Bubbles

Oops, the coronavirus expanded into a bubble of illness and deaths. Like all bubbles, financial or otherwise, this one will expand, burst, collapse and cause collateral damage. When will the “everything” bubble collapse? When will the coronavirus be contained? How much damage will these bubbles inflict upon the economy, people and personal savings? We don’t know. Stay tuned.

BUBBLES IN THE PAST—WHAT HAPPENED? (weekly data)

Market              Low          Date              High        Date      Subsequent Loss

NASDAQ 100     956         Jan. 1998     4,691          Mar. 2000       82%

Silver                   6             Jan. 1979        50*          Jan. 1980        89%

Bitcoin               30            June 2011    19,343        Dec. 2017       69%

Deutsche Bank 25            Mar. 2003      111            May 2007      84%

Microsoft           10             Dec. 1997        37            Dec. 1999       62%

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