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A Song in Investors’ Hearts…

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It was a real shocker to see stocks get drubbed merely because of a nasty resurgence in the coronavirus. V-shaped mania was overdue for a breather, though, and we should be prepared for perhaps another day or two of selling.  But given that there is a quite bullish target outstanding in AAPL, the most institutionally beloved stock in history, don’t be surprised if bulls are raring to go next week or even earlier when they realize that the latest outbreak will not make the coming Second Great Depression any deeper than it was already going to be.  That kind of thinking is guaranteed to put a smile on Wall Street’s face and a song in its obsidian heart — this song perhaps.

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