Well, the day began like this……….
……..and ended like this……….
I realize that the markets falling a fraction of a single percent doesn’t feel like cause for celebration, but in this fake, phony, bogus, complete joke of a market, ANY red is a welcome relief. I’m sure that shrew Yellen is cooking up something to combat the tenth-of-a-point wipeout. Burn in hell, you old biddy!
Anyway.
The best news for me today is that Utilities are starting to behave themselves. XLU gave me a bit of a scary early in the day, but it is definitely starting to work out.
Even the /ES has made good progress toward undoing the mentally deficient, completely insipid rally on Wednesday, following Powell’s politically motivated fellatio of equity markets.
As pleased as I am at this red, I must say that the steady drumbeat of the market, higher, higher, and ever higher more, is going to take something more than a collapsing bridge to stop it. Thermonuclear war might be a nice start, or at least a multi-kilometer meteor strike.
