I’ll be the first to admit, if you asked me Tuesday, I’d say the odds of this were about zero.
I’m still stunned how crazy it was here last night. Nearly 4,000 comments and only one guy who sort of went off the rails. I thought the bears would cash in big today, but, Brexit style, the bears got totally run over! Let’s just say I’m glad I was as “light” as I was (40% cash), even though last night I felt like an idiot for being so.
As for the markets, I can express my feelings with one chart. You are here:
After last night’s insanity, we’ll just lighten up the mood.