Well, since China continues to completely fail in their obligation to nuke Taiwan, the equity markets keep ripping higher, since evidently a couple of weak days this year (June 9th and 10th) was all that was required to undo the damage wrought by the past thirteen years of screw-ups and $32 trillion of bull welfare. Oddly, in spite of the bulls smirking and fellating their way to victory, I’m having quite a good day, thanks principally to the fact that oil is crumbling (in spite of its enormous pop early today). Here we see this by way of SlopeMatrix:
By the way, doing a vicious post about the ridiculous AMTD Digital insanity is sort of a no-brainer, but I think by the time I put one together, that ship will have already sailed, and the /wsb boys will have another disaster on their hands. As of last night, though, it was the stuff of utter science fiction.
