Stocks And Precious Metals Charts - Davos Man Triumphant - Fanfare For The State Of The Union

Stocks, led by big-cap tech and Tesla, went parabolic today in part momentum trade and a large part short squeeze.

As for the coronavirus and the economic slowdown, tomorrow is another day for such relatively trivial concerns.

I am an admirer of Elon Musk and the work he has done with Space X.

The valuation of Tesla Motors is insane.

All we are missing now are the cannons shooting gerbils.

The safe havens were hammered as one might expect in such an immocation of cares.

Have a pleasant evening.

(Click on image to enlarge)