I am pleased to report that the empty-headed, idiotic, just-because-the-month-is-over rally on Friday has been totally torched. It’s particularly delicious since the permabulls (AKA 99.999999999% of humanity) fell all over themselves in the final minutes of Friday to pay particularly preposterous prices for stocks, which are more overvalued than any time in history. How about 100 days in a row like this? That’d be nice.
