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  • There is a power in names. Olakunde told us of ashe-the power which runs through all things, subtle and flexible, which find its most potent expression in human utterance; so that it is a terrible thing to call down imprecations on an enemy, or to wish for anything but good, for what is said out loud is forged into truth.

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There is a power in names. Olakunde told us of ashe-the power which runs through all things, subtle and flexible, which find its most potent expression in human utterance; so that it is a terrible thing to call down imprecations on an enemy, or to wish for anything but good, for what is said out loud is forged into truth.

Near the top of the market, investors are extraordinarily optimistic because they've seen mostly higher prices for a year or two. The sell-offs witnessed during that span were usually brief. Even when they were severe, the market bounced back quickly and always rose to loftier levels. At the top, optimism is king, speculation is running wild, stocks carry high price/earnings ratios, and liquidity has evaporated. A small rise in interest rates can easily be the catalyst for triggering a bear market at that point.

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