From Manic To Panic: "No One Saw It Coming"

To be fair and balanced, we can't give the pussy-grabber-in-chief full credit for conning the entire world into committing financial harikari...

The herd has a mind of its own, and clueless leaders, to be sure:

After all, if Trump is so bad, why is the German Dax at all time highs? Why is the UK FTSE at all time highs in front of a close election? Why are Vancouver crack shacks still selling like hotcakes? Why are Japanese housewives buying "the dream" in Bitcoin?

"Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe - the metaphorical Japanese housewife investor - South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency."

"It's a form of speculation, like stocks. I don't think anybody in South Korea buys bitcoin to use it"

Seminars in Tokyo, Seoul and Hong Kong promote similar multi-level marketing schemes...Members are encouraged to promote the cryptocurrency and bring in new members

"Everyone says we can't rely on Japanese pensions anymore. This worries me, so I started bitcoins."

Now THIS is peace of mind:

While the S&P 500 is up 9 percent this year, three of its 11 sectors — energy, telecommunications services and financials — are down by an average of 7.7 percent.

This huge chasm between the overall index and its bottom three sectors is actually the largest gap seen in at least decades

"in the past 30 years, never have we seen Financials, Telecoms and Energy [in] the bottom 3 at the same time"; 

As long as Go Daddy doesn't roll over, this should all be fine...

CNBC, Today:
Hedge Funds Love Tech
Goldman noted that technology is the favorite sector by far of professional investors. Hedge funds particularly love the "FAANG" stocks: Facebook, Apple, Amazon, Netflix and Google parent Alphabet, the firm said.

"I can sleep well now knowing that my retirement account is ALL IN Bitcoin"