On Wall Street There’s Still One Bull Market—in Metaphors to Explain Falling Stock Prices

From a Wall Street Journal story by Gregory Zuckerman headlned”Wall Street Reaches for Clichés to Excuse Your Withered 401(k}”:

On Wall Street, there’s still one bull market—in metaphors to explain the fall.

Tumbling prices for stocks, bonds and cryptocurrencies have investment pros and executives scrambling to explain what happened, and why so many were caught flat-footed. Many have turned to the title of Sebastian Junger’s 1997 book about a fishing boat lost at sea when three dangerous weather events converged.

“This is like the perfect storm,” Mizuho Group analyst Dan Dolevrecently said about the crypto collapse.