One of my favorite SNL sketches of all time is Mr. Short Term Memory (The Game Show). Hulu viewers can see it here, although, weirdly, sometimes it just plays for free. Anyway, the basis of the sketch is a contestant on a game show, Jeff, can only remember things for a few moments, so he completely botches everything but sometimes wins the game anyway. He keeps getting re-excited over things he should already have known from before.

That, in a nutshell, captures this market beautifully. It has “rallied on tax reform” practically every day for months now, particularly lately. Hopefully today this multi-trillion dollar gift to the richest among us will sail through the House (again……….), get a photo-op with the POTUS, and we’ll all be done with hearing about it. In the meantime, everything is green. Again.