Drumstick.

More records.

Advertisements

How To Hedge Against A 5% S&P Decline From Tax Reform Failure

One of the caveats in Goldman’s outlook centered around the idea that tax cuts might not materialize or, perhaps more appropriately, that this process will continue to be so fraught as to make it a source of ongoing angst as opposed to a reason to celebrate. 

Goldman’s 2018 S&P Outlook Is Here: ‘Irrational’ Versus ‘Rational’ Exuberance

“We would deem it ‘irrational exuberance’ if the S&P 500 during the next three years followed the exponential trajectory of stocks in the late 1990s.”

The Big Top, The Big Long, The Big Short, & The Big Risk (‘Big League’)

The air up here is thin.

Into The Wild Blue Yonder.

Ok, well there were some notable headlines to start the week…

Get Up On Brian’s Level: Wall Street Has A New Biggest Bull

So get up on Brian’s level or get left in the dust.

Why One Bank Says U.S. Investors Are ‘Boiling Frogs’

“The parable of the boiling frog refers to how a frog in a pot can get slowly boiled alive without even realizing it”…

Thanks A Lot: Full Week Ahead Preview

Holiday road.

Sour Note.

Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner. 

‘Rational Exuberance’ – Which Is An Oxymoron

“It has become progressively difficult to say something new.”

Death & Taxes.

“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…

You Are A Silly Bunch With Your Fingers On $610 Billion

You people are an irrational bunch and you always have been.

It Could Have Been Worse – A Lot Worse.

The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.

Market Doom Loop Update: Risk From VIX ETPs, CTAs Flashes Red

It’s all about “loops” and “spirals” these days.

Markets Would Be A Lot Safer If We Wound Back The Clock About 25 Years

But times have changed.