Some offline meetups during the late bull market mainly involved showing off luxury cars, jewelry, watches, or quiet luxury brands like Loro Piana. I can't tell if it's just that in the early bear market everyone has switched to a flawless face, visible chest muscles, abs, and six-pack lines, with rich scents of perfume in the air—top, middle, and base notes all vibrant, rushing into the nasal passages. Even the hairlines receding with age are quietly moving forward. In the mid-bear market, I don't know if it's due to semaglutide, minoxidil, growth hormones, and various other drugs that can't produce effects without side effects, or insomnia causing cortisol levels to rise, or simply not having enough money to continue gym or beauty treatments. The body is left with a yellowed big logo hanging on a thick but sagging belly, teetering on the edge of collapse, even smelling like secondhand clothes. Fitness trackers, besides counting steps, have become useless. Is this the beauty of an economic downturn?

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