Bob Elliott
· Nonconsensus
· June 08, 2026 at 09:28
| Read on Substack ↗
Summary
The article, cut short, argues that manias require ever-increasing capital inflows to sustain rising prices, and that a sudden reversal has wiped out a month of gains. Without full text, the specific market implication is unclear, but the title suggests a sharp correction in a previously frothy asset class.
•The article begins by stating that as prices rise during a mania, they require increasing amounts of capital to push higher.
•The title 'A Month of Mania Gone in A Flash' indicates that a rapid decline erased recent gains.
•The full article is truncated; no further concrete claims or data are available.