My Big-Four Bank Index already got crushed back to 2004 level.
It might look a little bloody at the top, but it barely unwinds seven weeks of mind-boggling gains.
Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
The formerly hot asset class was already troubled by a multiyear decline in student enrollment and a surge in upscale supply.
In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”
But seeing the frenzy, the Fed has stepped away.
SoftBank was only a cog in the huge machinery.
Suddenly, a whiff of “Don’t fight the Fed?”
If stocks made a sudden connection to the worst economy in a lifetime, after having been disconnected for months, that would be a disaster, however.
I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.