NOTHING IS NEW

No, this time isn't different at all...

Marie Antoinette once said, “there is nothing new except what has been forgotten”. Although I am hesitant to use her quote for fear of meeting a similar metaphorical fate, I can’t help myself.

I have been about the furthest thing from a bear over the past nine months, yet there is little doubt I underestimated how frothy certain parts of this stock mark…