A week ago, I wrote that the “melt-up” might be beginning. Well, since then the financial media have gone into melt down mode. Talking heads have been buying stockpiles of food at Costco. The end is nigh.
Perma-bears have come out of their caves. Screams of joy were heard last night, ricocheting down the empty streets of Permabearville:
“CNBC returned my call” – “CNBC returned my call”
“They want a doom and gloom guest” – “They want a doom and gloom guest”