Tower of Babel???

The interesting thing about the scripture reference to the tower of Babel is that history repeats itself.

In investing, often when management builds a "monument" to itself it represents a peak in the business. The decline might be slow and twisting. Maybe only gross margins peak, but you can see it time and again.

Another interesting fact is that when you look to history, completion of "the worlds tallest building" also happens to correspond, in general, to crests in the economic cycle.

Not a market call now that this thing is going up, but....