Last night, while I was going about my usual reading and charting, the floor seemed to fall out of the equity futures market.
I was naturally curious what on Earth was happening. Did Russia fire a nuclear missile? Was there some other big economic news? Well, it didn’t take long to find out the cause:
Yes! Finally! A clear, plain-as-the-nose-on-your-face reason for stocks to actually sell off. This basically blows NAFTA to bits and sets up a global trade war. The media reacted appropriately.
Shall we check in on this big wipeout now that a new day is upon us. Let’s!
My hand to God, at this point, global thermonuclear war could break out and the sell-off wouldn’t last more than an hour. The computers would all show record highs up to the very second when power failed from the electromagnetic pulse emanating from the bursting hydrogen ICBMs.
And speaking of insanity, allow me to share this thought.
It’s getting hard to surprise me, but I just read about a new site which lets folks effortlessly create their own “coins”, and not only is it wildly successful, it is also driving absolutely unhinged behavior.
Boy oh boy, in the year 2157 when this craziness comes to an end, it’s going to be quite the plunge!
