Well, all you bears have me to thank again, since my trip to Atlanta, Georgia has caused the market to complete reverse itself. The jobs report had a little to do with it too, because here's the situation we're in folks:
(1) Interest rates are at zero;
(2) The Fed's credibility equals Yellen's likelihood of being the next cover girl of the Sports Illustrated swimsuit issue;
(3) The economy is, quite evidently, beginning to poo all over itself again.
Thus, my relentless expression: “the wind is at our backs” holds sway once more.
The ridiculous overnight double-digit rally on the ES has puked all over its trousers, since it's beginning to dawn on even the most blinkered of bulls that maybe life sucks after all from time to time.
My only conclusion from all this? Simple. That the people of the greater Atlanta area apparently have no idea how to converse with one another, because every single restaurant I've seen is absolutely jammed to the gills with big screen televisions showing football, baseball, and every other kind of ball known to mankind. It's ridiculous.
Anyway. Time to slay some more bulls today. Be well. And stop wasting your time on the telly.