Well, I guess last Thursday scared the hell out of the traitorous criminal Jerome Powell, who has redoubled his pledge to illegally buy up corporate bonds with impunity. The billionaire Larry Fink, the direct beneficiary of the Fed’s largess, couldn’t be happier.
The market has gone up the equivalent of about 1500 Dow points since last night.
I’d like to caution you permabulls that this doesn’t look like the beginning of a brave new market to me. Overhead supply is looming, at least in Russell-land.