Over the past month, there’s a boring, tedious pattern that seems to be repeating itself:
(1) The impoverished, backwards, freakish hermitage known as North Korea threatens the world with some ill-conceived rumblings about a nuclear weapon;
(2) Worldwide markets (with ever-decreasing size) have a knee-jerk reaction;
(3) When it’s clear that Kim Jung Un is completely full of crap, for the 398th time, things go back to normal within a few days (or hours……) and the market goes to new lifetime highs.
We’ve got round three of this going right now on this holiday weekend…….
The initial reaction WAS the low of the day, and it’s been sorta kinda recovering ever since.
It’s time for bold leadership!