On Tuesday Krypto went shopping for US stocks and yesterday Ms. Market rewarded her patience. Is it party time - will Ms. Market start dancing on the tables for a summer rally ?
To this person sitting in his bunker in the deep woods, that outcome seems quite possible. The world has been treated to months of doom & gloom; the permabears have been feeding for too long. Newsletters seem rather extreme now. Why can't the US and world just muddle along and start a decent recovery late this year ? IF SO, a summer rally to price in a better outcome can occur.
The future is not certain - nothing is written. BUT barring new bad news, I want to be long & strong and hold my stocks for awhile.
Word of the Day
"Cacochromatic" - adjective [?] a Mencken word
Cacochromatic means having or displaying a jumbled, unpleasant mixture of colors. The word is formed with the [Greek] combining form, caco-, meaning bad, and chromatic, meaning colors.
Sentence: Perhaps I am truly an anachronism, but to me, lights shows are cacochromatic crap, to be enjoyed only if one hits the bong hard, like the cacophony that is much modern jazz.