After 12,000 Dow points to the scrotum, bears are out on social media, hardcore like the gimp, declaring today is the top. Their brokerage accounts are negative $12 billion; but that won’t stop their troll-flow, fully intent on plaguing bulls with their ominous warnings (extra Hindenburg omen).
Why, precisely, are you selling stocks today? Too many jobs? The economy is too hot, euro-QE is too effective?
REITs and anything high yield are getting blown out the water. The way this market is acting, the Fed will likely do an emergency rate hike by Monday, you know, to stem the tide of runaway inflation (extra sarcasm).
Listen to me, son: this draw-back is temporary. It’s built upon flawed logic, concocted by men with deformed faces in superman shirts.
Comments »