"I bought for the tax cut and trade war, but I stayed for the stupid time"
In other words, the 2018 melt-up stock rally is ending the exact same way it started:
This week, Wall Street is now re-calibrating their Magic 8 Ball derived forward earnings estimates from "eight years left in the cycle" to, "why the fuck are you still in stocks?"
"The "Great Bull" market that came after the financial crisis is dead due to slowing economic growth, rising interest rates and too much debt, according to a Bank of America Merrill Lynch analysis."
How soon it ends:
Canadian pot stock Tilray doubled to reach a market cap of $20 billion earlier today and then gave it all back. The stock has the revenues of a pizza parlour...
The Hindenburg Omens are a function of late stage parabolic junk stocks rolling over. Soon to be joined by expensive cannabis pizza parlours...
The Nasdaq 100 is clinging to support:
Bank of America just confirmed that the Nasdaq is the leading "economic" indicator:
Apple at key support
China Tech enjoying a minor bounce
Apple + China Tech = Peak Why Phone?
"Back up the truck, it's stupid time!!!"
On the topic of stoned denialistic idiots, 100 year storms every six months was so 2017, now we're onto 1,000 year storms.
I'm sure this can all be explained. Away:
"The four-day accumulation of nearly 36 inches, which was measured in Elizabethtown, North Carolina, is far, far above the previous rain record for a hurricane anywhere on the East Coast. It broke the North Carolina record by nearly a foot. That much rain is more than what scientists estimate a 1,000-year level, 60-day rainstorm would drop in the region, given a stable climate: slightly more than 35 inches. Put another way, there’s a 0.1 percent chance every year that in a 60-day period the rainfall in Elizabethtown would be at least 35 inches. North Carolina took on all of that water in just four days."
