On paper the stock market should be great, not on a knife's edge. But that's the opportunity

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It should be a good moment, but it isn't. Hmm?

When I look at Thursday's rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. That, of course, tells you that those newfound percentages can be taken away based on nothing. That's how trapped and intellectually devoid we have become.

In fact, the only stock that didn't suffer from an Nvidia relation, Apple, got through earnings without too much trouble. But it then got eviscerated by Buffett, by the way, said he didn't want to sell Apple when apparently he was selling it at roughly the same time. Maybe that was what shocked people into dumping the stock.

 

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