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Excerpted from the May 11 edition of Notes From the Rabbit Hole, NFTRH 862:
Dumb money apparently thinks that now that Trump is making a few sounds about making nicey nice with some trade partners, all’s well again. Dumb money is gulping down stonks even more aggressively now, while Smart money is fading. A degrading contrary-sentiment picture here.
An interesting graphic illustrating how years different with respect to volatility. 2008 sure was fun!
This is such a cool graphic: it shows, for specific dates, what the range was for the S&P on that day, from high to low. The historical winner is Black Monday, in which the opening bell was the high and it fell over 20% (Oh my GOD, those were the days!) Recently, however, we have a new honoree, which was just two days ago: from a 0.69% loss to a 10.01% winner.
Well, ho, ho, ho. This is PRECISELY what I wanted to see. Green all over the place! Hope! Joy! Resilience!
