So the world financial markets continue to go haywire.
The Uber glorified taxi service and app (with an almost half billion dollar operating loss) is now valued at–get this–over $50,000,000,000!
And commodities–you know the precious materials that REAL things are made off (gold, silver, copper, aluminum, oil, gas, coal, wheat, cotton, corn, soybeans, cotton, cocoa, coffee, sugar, beef, and more) hit a 13 year low.
When the nothings of this world like a basic cab service become invaluable and the real things that power our homes, technology, transportation, and manufacturing become valueless–then we know a day of painful financial reckoning is coming.
The markets can stand on their head for only so long before the blood rushes in and people become dizzy and see spots.
A reversion to the mean is the one something here that is inevitable, along with a pretty decent recession to boot. 😉
(Source Photos: Andy Blumenthal)