It is on quiet days like Tuesday that we need to remind ourselves that the stock market’s true personality more closely resembles that of Jack Nicholson, famously pictured here from The Shining, than the sleep-inducing dirge we endured today for six interminable hours. In any event, I continue to resist the idea that DaBoyz will somehow hoist this leaden bull much higher with interest rates, energy prices and the dollar strongly on the rise, the housing boom over and earnings at a probably unbeatable, years-long peak. That doesn’t mean that, on any given day, they are incapable of conning us into believing otherwise.
Even on a Quiet Day, Mr Market Is Still ‘Jack’
- May 23, 2018, 10:59 am
-
May 23, 2018, 8:13 am
We need to repeat for us.
Even if it is bad for us.
The EC market is at a major support level and its ‘gas tank’ is full for rising prices.
That was a great motion picture many years ago, ‘today’ persons would view it as a comedy of sorts. The range of motion from one end towards the other has been extreme in society the scary motion picture of yesterday is a by product as how persons have move from one side towards the other in thinking and believing ‘what is what’, markets will do the same.
So, we need to repeat, even if its bad.
Have a great day Rick, no one would think 7 years of crap and garbage in market pricing is ahead.
What’s also a good reminder … how unrelated orthodox economic policy is to reality.
“Just a reminder of how bank liquidity and the size of central banks’ balance sheets have been unrelated (or maybe inversely correlated!) to the rate of inflation.”
https://pbs.twimg.com/media/Dd3TC16V4AE5zlc.jpg
Andrea Terzi https://www.fus.edu/academics/faculty/275-andrea-terzi