Source: DepositPhotos
It was a day for optimistic bounces, as the CPI data came in this morning behind.
And at least for today, the disaster that is looming in the Middle East can be forgotten.
Stocks bounced.
Gold and silver bounced.
The Dollar crept just a little higher to sink its fingernails in the 100 handle.
Bitcoin (BTC.X) dropped a bit again.
SpaceX (SPCX) continues its recent rally off the low. They are reloading after the most recent wash and rinse.
The current market is based on a howler of a new era tech story that ranks right up there with the best of them.
Even the gerbils they were shooting out of cannons in 2007 had more gravitas and credibility than the numbers that the AI companies and their spokesmodels are shooting at the wall.
Typically on Wall Street, the only guys who make money in tech bubbles are the suppliers of the picks and shovels, and then even they are eventually pulled under when it all comes crashing back to earth.
But, by all means, let us blind ourselves in the finest tradition of crash-and-burn business models.
Until someone roots the moral hazard out of the markets, they will keep coming back for more.
Stock up. Stack up.
Run.
Have a pleasant evening.
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