THERE IS NEVER JUST ONE COCKROACH!

Having been an active investor during the 2000 Dot-Com Bubble implosion and the 2008 Financial Crisis, one of the many lessons I learned from these events was how they suddenly brought to light a raft of financial "games" that had previously been hidden from public view. Though major new financial instruments had been widely developed, accepted and implemented, they were completely opaque from the general public and media reporting. These instruments turned out to be critically flawed in some aspect that led to their failure and resulting major draw-downs in the financial markets. We are seeing the same "Canaries in the Coal Mine" once again!