The most famous quote uttered in advance of the 2008 financial crash came from Citigroup’s CEO, Chuck Prince, and was reported in the July 9, 2007 edition of the Financial Times:
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
So, it is that I raised an eyebrow when I read the following quote in this morning’s Financial Times from Blue Marble’s Vinny Catalano (under an opinion piece headlined Trump’s Bull Run):
“On a technical basis, the music is playing, there are no negative signals and people are dancing. It’s career suicide if you are not in the market.
