There’s nothing more dangerous than a stable market.

The calm before the storm.

Stability, by its very nature, causes instability.

People get confident.

They let their hair down. Overextend. Dream.

They forget to steer the ship and it all goes off balance.

Stability is just an illusion, the way a pendulum seems to float at the top of its arc for just a moment, before hurting back the other way.

There’s no point aiming for stability.

Just enjoy it when it comes. And enjoy it when it goes.