It’s all very stimulative. The specter of massive war looms and the market loves it — because past history suggests wanton government spending is inflationary.
Stocks roared for the session, as predicted, this time led higher by financials. Across the board, there were 2% gains enjoyed by our beloved bank stocks.
It’s hard to describe what exactly happened today, other than just chalking it up to a party breaking out. Flutes brimming with champagne, satchels of cocaine passed around, exotic and rare animals eaten at the delight of a select few. I was merely a gawker in all this craziness, as my portfolio of warmongering stocks only climbed by 1% or so.
It was the banksters who had all the fun, as the forecasting mechanism that is Wall Street priced in better times.
More later.
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All wars are banksters’ wars. Wars are the health of a State.
Yeah, this move today was predictable as things were irrationally sold in the past month based on “fears” that were imagined or concocted. The Trump train will continue to roll into May, where seasonality will take over, unless something big like a daily double of Obamacare replacement AND tax reform take place. Then, yes, faces will be ripped off bears.
I still believe we get Dow 24,000 before we get a 10% correction.
Businesses have been aggressively spending on Capex ever since the election. Monthly loan volume for my equipment finance business has doubled since Nov. compared to a flat prior four years. Early innings of a long and durable recovery IMO.
Looking at $DB