Why nobody saw it coming?

During a visit to the London School of Economics in October 2008, Queen Elizabeth II, British Queen of the United Kingdom wondered: “Why did no one see it coming?”

It is not that no one saw it coming, just that probably no one knew the exact date. This repeats in every market cycle – whenever the rising markets start falling or whenever the falling markets start rising – it is not possible to know well in advance when exactly something is likely to happen.

#RidingTheRollerCoaster – 209

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