Holy s–t!

We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and this time…a 700 Dow point frenzy off of important moving averages. We expected a move into the end of year…but 700 points should happen over a 3 month period…not 2 days. It just tells you how much hot money and itchy fingers are out there.

Enjoy the weekend. Need a nap. Oh yeah…my Knicks are now 5-23.