Not exact matches
As Olaf Carlson - Wee, founder of the hedge fund Polychain Capital and a
bull in the
market, told me
during a cocktail hour after the
event, «It's only a bubble if it crashes.»
Consequently, in the unlikely
event that the current
bull market in US equities continues for one more year and gold - mining stocks trend upward
during that year, the gold - mining sector will then be vulnerable to the downward pull of a general equity decline.
We don't know whether this qualifies as a black swan
event, but a drop of more than 4 %
during a
bull market is indeed very rare.