“There’s No Point Denying The Reality We Live In”

On Monday in "There Are Plenty Of Investors Who Would Celebrate An 8% Drop," I noted with more than a little amusement that self-described "perma-bull" Mark Cudmore had gotten over a fleeting bout of bearishness that manifested itself in a series of overtly negative late January missives. Well on Wednesday, Cudmore is back with another upbeat message for markets - albeit one that drips with sarcasm. As the former FX trader chuckles at the idea that a 1.7% "drawdown" now counts as a "correction