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The only major economic data that came out today was the ISM Manufacturing Report. The expected number was 57.5, and the actual number was 55.4, an enormous miss. Looking at the long-term history of this data, it’s pretty obvious where we’re heading, and it rhymes with “the hitter”.
Jesus H. Christ on a pogo stick, today is boring. I mean, yeah, I’m profitable, but this market is absolutely 100% STUCK between (a) logic, sense, and intelligence and, opposite me (b) bullish idiots. In the meanwhile, enjoy………..
It’s adorable how the simple-minded equity bulls keep thinking we’re at the cusp of a massive new rally, and they keep bidding prices up this morning. Listen, you whimpering parasites, the thirteen years of endless government welfare you’ve been on is done. Exhibit A is the fact that the bond market, in its various forms around the world, continues to crumble inexorably lower.
