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"Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart." - Alan Greenspan
Looking at the very strong rally experienced so far this year in the high-beta space nearly erasing the pain inflicted in the final quarter in 2018, when it came to selecting our title analogy, we