I know, who cares about those latins? Truth is, the jingoistic mentality of this country could see our stocks rise amidst nuclear detonations in Europe. We’re at a point in this cycle that the gains are excessive to the point of madness.
It’s the sort of tape you chase. You get lured into the fray by a sundry of tantalizing moves, like FB, AAPL or even N and GRUB. We’re in the midst of a truly special time for stocks and I am going to make sure that I miss out on every single second of it.
Both Italy and Spain are down in excess of 1.5%, led lower by banks.
Unicredit is down 4% and about a dozen other banks are lower by 3%.
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I salute your stoicism in the face of these ravening animal spirits, Mr. Fly.
Never really cares about the latins but the latinas are another story.
The markets will not meaningfully depreciate until Obama leaves office.
Obama’s legacy is “Look at this beautiful f**king market. I did that.” Then he will point to the unemployment rate and say “I did that.” He has no other legacy and this will be protected.
I fully expect many more all time highs wait directly ahead. Smooth ascent higher is almost guaranteed.