This is Becoming a Daily Occurence

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They’re never going to make it easy on us, are they? Even though it’s pretty clear that 2,000 on the S&P is a value so absurdly high that people are starting to head for the exits, we still have to have a reason-free morning bid to new highs. Day in and day out. Today’s reason was a supposed “cease-fire” deal in Ukraine, even though the notion that there’s a huge war going on in the Ukraine right now is utterly false. There’s not much “fire” to “cease” (and anyway, what in the name of my personal savior Jesus H. Christ would that have to do with stock earnings anyhow?)

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