Big buildings = big selloffs
It indicates the top of the market. You only make plans to build the biggest building in the world when things are good. Things will always be good … or, so you think. And there are plenty of examples of this: The Chrysler and Empire State Buildings were completed right before the Great Depression, Sears Tower was completed in 1974 with a two-year low in the Dow; Malaysia's Petronas Towers were built in 1997, followed by the country's stock-market plunge; in 2008, Dubai owned bragging rights to the world's tallest building, which was followed by – yep, you guessed it — a stock-market crash.
It indicates the top of the market. You only make plans to build the biggest building in the world when things are good. Things will always be good … or, so you think. And there are plenty of examples of this: The Chrysler and Empire State Buildings were completed right before the Great Depression, Sears Tower was completed in 1974 with a two-year low in the Dow; Malaysia's Petronas Towers were built in 1997, followed by the country's stock-market plunge; in 2008, Dubai owned bragging rights to the world's tallest building, which was followed by – yep, you guessed it — a stock-market crash.