Yesterday’s buy-the-dip-a-thon was quick even by Wall Street standards. Still, you could see it coming from miles away.
For instance, this latest dead cat bounce was fittingly accompanied by a MarketWatch headline and story that told you all you needed to know.
That is, it reflected the clueless state of the casino with nearly perfect timing. Rather than recognizing that we are heading into a darkening cul-de-sac of crushing debt, financial disorder and central banking crisis, we were told there’s nothing but sunny skies and rising stock prices ahead: