Today was the 11th goddamned day in a row. that the Dow Industrials went up. Eleven. Consecutive. Days. Can you IMAGINE the kinds of Congressional hearings that would be called if the Dow went DOWN eleven days in a row? I can’t. Because it would never happen.
Part of my own abandonment of the completely corrupt U.S. markets is the fact my biggest position, by far, is my long January puts on EFA, the worldwide equity ETF for all NON North American stocks. Nothing dramatic so far, but I’ve still got serious faith in this sucker.
If “the calm before the storm” is a real thing, and not just a hackneyed expression, there must be a serious storm coming. Because things are exceptionally, agonizingly, and eerily calm right now.
