I used to concern myself with the machinations of Wall Street.
“How the fuck did that happen? Wasn’t anyone paying attention?”
But after the financial crisis and definitely after the Greek crisis of 2012, I concluded that Wall Street no longer existed in the traditional sense and instead was domiciled by speed jerking lunatics who didn’t care about anything but upward momentum. You might look at the CoronaVirus business and wonder why investors aren’t freaking out. How is it possible for Trump’s trade war vs China to not only not have an affect on stocks — but if anything a bullish one? After Trump got done with China and their beautiful economy, the Chinese must’ve fucked themselves with this Bat-Soup virus and now their entire country is being treated like the plague. Business must be horrendous. In NYC and San Fran, Chinese eatery sales are down 50-70%.
Aside from crude and copper markets, one would never know there was a plague going around. By God, futures are sharply higher again and AMD just caught an upgrade! I know what you’re thinking — “what about the semi supply chain? Isn’t everything made there?”
Shut up. We’ll have none of that nonsense. Go wash your mouths out with soap. We’re pricing in the pricing in of all of that and now we’re pricing in a normalization of business and then after that — we’re pricing in a post plague boom. This is why stocks are higher.
If you enjoy the content at iBankCoin, please follow us on Twitter