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Well, the Virtual Tim’s Virtual Portfolio has crossed $300 billion, thus allowing me to set sights on the Virtual Elizabeth. The arrow marked early in the year when my mood and spirits were at a nadir. Recent events have helped quite a lot.
During this mounting crisis in Europe, there have been repeated “lifts” in the market, out of the blue, and for no particular reason, to counter hard sell-offs. We had yet another one last night, and I suspect there will be dozens more to come. This is truly the 2022 version of “Trade Talks with China Are Going Well”. The desperate need to keep the illusion of prosperity alive will compel these countervailing forces to act.
