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Traders Seem to Be Imagining Baseball and Barbecues

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The Trumpster sounded so hopeful at Thursday night’s briefing that one could almost think we’re headed into a summer of baseball, barbecues, fireworks, lawn concerts and kids’ birthdays with piñatas.  If only. Still, traders are at least pretending that all of these staples of American life will be returned to us in the foreseeable future. They’ve pushed index futures into a steep after-hours rally, every tick of it supported by short-covering from bears who evidently believe economic reality should count for something. The rest of us should enjoy this simulated state of exuberance while it lasts, since bear rallies are notorious for flaming out just when they start attracting true believers. For you chart-watchers, I’ve adjusted my rally target for uber-bellwether AAPL to 313.58, at which level new record highs of up to 347.27 would not be unthinkable.

Please do not ask trading questions!

  • Ben April 16, 2020, 10:55 pm

    “The Trumpster sounded so hopeful at tonight’s briefing that one could almost believe it will be a summer of baseball, barbecues, fireworks, lawn concerts and kids’ birthdays with piñatas. If only. ”

    The only real hope there is of returning to a new normal-ish is for everyone to mask up, N95 or better. I had this all written out, but then realized it turned into a rant. An informative rant, but a rant nonetheless. So, long story short…

    So many ask, “How are we supposed to mask up if there aren’t any?!”. The Surgeon General made a short how-to a couple weeks back, but he neglected to inform the public on how to make a filter for it. And this absolutely can and must be done, using a number of different materials…

    Coffee filters (if nothing else)
    Blue shop towels (two layer minimum; almost N95)
    Vacuum cleaner bags. I prefer this way. Cloth or paper, so long as it filters down to .3 to .1 micron, which is about as N95 to N99 you’re going to get through DIY.

    He should research this and come up with the best ways for Americans to mask up cheaply and effectively, and run that how-to on TV every hour, on the hour, as well as at least once per online video ad. We’d all be masked up, in no time flat. We could then get on with things, to a new normal-ish American way of life.

    But no. They’re still arguing whether or not people should mask up! Endless and pointless debate, while more and more people get desperate and antsy. Almost like it’s being planned that way!


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