My pre-dawn dog walks are the closest thing I get to meditation, and as I walked this morning, something occurred to me: for the months leading up to the Olympics, ZeroHedge posted dozens upon dozens of articles about how catastrophic it was going to be. Everyone was going to get the Zika virus. Everyone was going to be held at gunpoint. There would be Islamic terrorists. The water was going to get everyone deathly sick. And on and on and on.
I’m a little slow on the uptake, but it’s starting to occur to me that ZH’s fetishism with bad news might be misplaced. The simple fact is that the Olympics have been going just fine and dandy, thank you very much. Yeah, the pool water turned green. So what?
And when there’s actually news that bearish/pessimistic types actually want to see, it’s completely blown out of proportion, such as this article that appeared just “moments ago” (as they like to say over there):
A naive observer would think crude oil was in a free-fall. It is, in fact, up 2.57% as I am typing this, and the “slide” is highlighted in green here, which is already being erased (this chart is outdated, as oil has soared far above it………umm, cuz it’s………sliding).
And that’s all I’ve got to say about that.