February 6th, 2018

FTAlphaville's Markets Live is always fun the morning after a "correction".

https://ftalphaville.ft.com/marketslive*

Wonderfully snide! Unlike the idiots on cable business channels with their mindless market-pumping, FTAlphaville are all for mocking financial folly. Of which there's always quite a lot. But a down market exposes what's been hidden during a boom, so it inspires more entertaining commentary.

As Warren Buffett said, “It's only when the tide goes out that you learn who's been swimming naked.”

Yesterday the ocean receded a bit.

(*bikergeek notes that the page is behind a wall. It's not a paywall but it does require registration, as does all of FTAlphaville.)