President Trump gave the market what it was looking for today with a laser focus on containing the coronavirus and enlisting the private sector in the battle. No focus on the stock market during the entire presser, which is, ironically, one of the reasons why stocks rallied so hard.
Good for him and good for all of us.
No Victory Laps, Please
Much too early to take a victory lap, however, as it is about to get much darker over the next month.
The following is ridiculous as much as it is absurd and reveals the mentality of the White House.
One bounce after a 27 percent crash in 17 trading days doesn’t make a bull market, folks.
Update March 14
Here Is The Reality
Gonna get very dark in the next month. Kristof is a true saint, in our book.