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Whether it is a sports journalist covering a live game or a financial analyst writing an elaborate article on the current state of financial markets, both enterprises are fraught with considerable rework. Just at the point when you think you have completed your report and retire for the day, you are faced to record a dramatic change in the state of reality which makes everything that you had written up until that point null and void.
Imagine having to trash your entire copy of the game which you were hoping to rush for print soon after the final whistle only for the losing team to make a dramatic comeback, thus ensuring a late night at work! This pretty much sums up my current predicament as I prepare to publish my first article in my area of “expertise” - the financial markets.
As I finish this article, the Dow Jones (DJI) has seen the largest single-day drop in a long time, and it looks like crypto mania is turning somber as well.
It’s always nice to have a stock market which is surging and to see your portfolio swell. But as per thermodynamics, an overheated object tends to have an increased performance before it eventually burns out. Entropy is real!
Last week, we saw the Dow Jones crash 665 points; was it an indication of the seizing of an overheated engine? All eyes were on Apple's earnings (AAPL), and despite its good earnings numbers and EPS of 3.86%, the market came tumbling down
