One of my eight bearish positions is Caesars Entertainement. Guess what it decided to do in the middle of today’s trading activity?

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One of my eight bearish positions is Caesars Entertainement. Guess what it decided to do in the middle of today’s trading activity?

I’ve had a bunch of dreams, but……….not that one.

I’m typing this before the opening bell, and the bulls, blessed already with 16 years of a nearly endless bull market, have had another gift dropped into their laps by NVDA, which is vaulting almost 7% higher to another lifetime high, compelling several trillion dollars of additional value to equities in general.

There is a ton to talk about, most especially the fact that the PPI came in super-white-hot and yet the market seemed to care for about three seconds. It’s actually jaw-dropping that PPI is VERY hot and people are shrugging their shoulders. however, I’m going to set that aside and point out the collectively insanity going on in meme-land, like it’s early 2021 all over again. Here we have Gamestop, blasting 400% higher in the span of just over one trading day.

