If U.S. shares needed an excuse to rally, they’ve got it.
Everyday it’s something else.
The air up here is thin.
“…administration officials threatened to retaliate against several figures with knowledge of the July dinner if they spoke to BuzzFeed News.”
Ok, well there were some notable headlines to start the week…
So get up on Brian’s level or get left in the dust.
“Buy every dip.”
Ok, so on Sunday evening we learned that Robert Mueller wants to know what the DoJ knows about the firing of James Comey.
“The parable of the boiling frog refers to how a frog in a pot can get slowly boiled alive without even realizing it”…
To be sure, it’s impossible to know when something like this will finally succumb to reality, but these kinds of things are vulnerable to crises of confidence and in the absence of any kind of fundamental thesis to fall back on, it won’t be immediately clear where the “bottom” is when Wile E. Coyote finally looks down.
“This mechanism of market functioning is a manifestation of systemic causation.”
“Sins of the father.”
And you know what? It won’t matter.