I just wanted to drive home the point about how insane the market has become by reflecting – once again – on Sunday's news and how this "bull" market reacted.
There were two big pieces of news:
(1) Ireland was a basket case and, facing financial calamity, received a $100 billion+ bailout package;
(2) North Korea proudly made it known via a U.S. scientist that they were waaaaaaaay ahead of what anyone suspected with respect to the refinement of large amounts of nuclear fissile material.
So what did the market do on Sunday? Rally, of course! Big time! Because…….I dunno……..the hopes of QE7 or something.
It's refreshing to see that the fact that North Korea has actually started bombing and killing has actually caused some bulls to consider that maybe the world isn't such a peachy place right now after all.
