You Can Hear Their Bones Cracking

This is not what the dip buyers expected, oh my no. The crowd that has been carrying around banners and blaring on trumpets, to inform you that the economy is growing and stocks are of great value here, did not anticipate that such a PMI number could ever be sold.

I watched them with particular ire this morning, as they skipped around Twitter like the blasted little bastards that they are, mocking anyone who was so “audacious” to question it.

“So US economic data just keeps beating, and people are scratching their heads that stocks aren’t going down? Lulz,” they said, perhaps exactly literally.

“Up next, everyone who said #GrowthSlowing yesterday will have to ignore today’s data,” they cried, perhaps being lifted verbatim from their handle.

I laid out on January 15th exactly how events would transpire, and you are beginning to watch them unfold, plus or minus a little time margin of error.

For the fourth year in a row, the mighty intelligentsia have managed to pull off a mind numbingly stunning failure, buying too much into some holiday numbers and a hundred-billion-dollar-a-month shower; then washing it all down with a UoM confidence report that I still can’t for the life of me figure out why we bother reading.

Watch oil, champs. The summer slowdown is here.

Off to count my stacks of cash…