Lol! Well so much for wishful thinking.
- US Stocks Erase Losses
US stocks erased earlier losses as markets continued to assess how the backdrop of growing deficits, high interest rates, and uncertain trade policy may impact corporate returns this year. The S&P 500, Nasdaq 100, and the Dow were slightly higher after having opened the session sharply lower. Moody's downgraded its US sovereign credit rating to mark the last major agency to abandon the triple A rating, among the latest events that sounded the alarm of growing deficit, consistent with the view of the Fed and a portion of the market. In the meantime, President Trump's proposed tax-cut package, which includes hundreds of billions of dollars in new, unfunded tax reductions, was passed over the weekend to extend expansionary fiscal policy but magnify debt concerns.
77 minutes ago
Great assessment by the market! The "New Bull Market" paradigm of there is no such thing as bad news, continues. New ATH for the DAX - again!
Chart are simiar for NDX and Nikkei
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Bull case seems lost until the real life data that even bogans can understand comes in -> layoffs and 5% unemployment.
Big bubbles? No troubles! He he he he
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