Quiet Night Belies Underlying Craziness of the Markets

Stocks were so quiet Monday night that one could temporarily lose sight of the fact that these times in which we live are dangerously interesting. Index futures have been on a holy tear, rising almost vertically from the ‘Trump-disillusionment bottom’ that was deftly engineered by DaBoyz on May 18. Notwithstanding this evening’s post-holiday lull, there’s little reason to think the stock market’s wilding spree won’t resume this week when some insignificant piece of news triggers off yet another short-covering panic. I’ve advised using a 2439.00 rally target for the E-Mini S&Ps that may have sounded ambitious a couple of weeks ago, but at present it equates to a measly 200-point rally in the Dow Industrials.