Who would’ve thought this possible………….just two months ago, reporters were asking Mnuchin if he thought the stock markets should be CLOSED.
Tech Lifetime Highs
Slope of Hope Blog Posts
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Near and Far
The upswing in equities was relentless ever since the opening bell on Sunday. Here is the /RTY during that time:
Stick ’em Up
The miniature head and shoulders pattern beneath major resistance (the red horizontal) completed today. The topping pattern is massive, yet the battle is unchanged: it’s the Fed versus Truth. I can’t think of any plainer way to express the war that’s being waged in the equity markets each day. Here is the Dow Composite with the relevant mark-ups:
The Past 48 Days
You Mo Betta Wise
It was only last month that the media felt the need to offer a reassurance like this one:
Anyone notice that, now that the Dow Industrials has risen about 7,000 points, no one is running around screeching and wringing their hands about closing the markets? Yeah, I thought not. The world hates bears and loves, loves loves the bulls.
I got in my head an epic piece I want to write about this entire situation, but that’s probably best for a weekend.
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