THE MARKET IS SO "MANAGED" NOW THAT IT CAN'T CRASH NO MATTER WHAT... THERE IS A FED "FLOOR" UNDER ASSET PRICES NOW.
SO WE'LL HAVE LITTLE 20 POINT DOWN DAYS...ON "BAD" NEWS....LIKE TODAY.
AND 20 POINT UP DAYS ON SOME KIND OF SPUN "GOOD" NEWS... THIS GOOD NEWS WILL BE NONSENSE LIKE "BROKERAGE UPGRADES"...AND "BEATING EXPECTIONS"...THE USUAL BULLSHIT RALLY POINTS...
NET NET...IT LOOKS LIKE A GREAT DARKNESS IS COMING... ABSOLUTELY NOTHING ON THE MACRO LEVEL IS MAKING ANY SENSE...
THE MICRO SPIN IS THE ONLY THING HOLDING UP THIS HOUSE OF CARDS.
AND AMAZINGLY .... THIS COULD GO ON FOR YEARS!
