Midget 110M Low Hurdle Dash

Well, they sure put a bullish spin on those tech earnings.  You lower the bar enough, a midget starts to look like a giant.  Its the midget low hurdle 110 M dash.  And the winner is:  its a tie.  A three way tie for 1st place.  AAPL/AMZN/FB are in a tie, too hard to separate such beautifully manicured earnings, delivered just in time for a last gasp rally after a 4+ months of uptrend.

Its a Friday, let's not take these tech earnings too seriously, or else you will want to rush to push the buy button.

Or this week of trading for that matter.  I thought I've seen it all on Wall St., but you now have Trump pumping individual stocks in his press conference, hyping up that Great American company, KODK.  Ok, they are no longer going to be that Kodak making film that no one uses anymore.  Its now Kodak Pharmaceuticals, after their failed venture in cryptocurrency.  I guess Kodak coin never caught on with the public.  These days, anytime you slap on a Pharmaceuticals/biotech label on a stock, you get instant revaluation.  And if its a Covid stock, triple the average biotech/drug stock.

And Robinhood has gone bananas over KODK!  Going from 9K to 123K holders of fresh, newly made KODK bags, in less than a week, ready to be held for months as insiders and institutions try to rush their sales before the bagholders move on to the next pumped up fad.

It is an insane stock market.  The rationality has been thrown out the window and its a full on rush to buy the next TSLA, or better yet, the next KODK, the next stock that goes from 2 to 60 in 3 days.  KODK was the Ferrari of pump and dumps, what's the next one?  The Hoodies are looking through every nook and cranny to find that next gem, the next turd that is given a glossy, gold plated finish to appeal to the millenial new age investor.

Well we did get that burst of buying after all those earnings came out, but overseas markets aren't as exuberant.  Europe is starting to feel the heat from a suddenly re-valued euro which is making the dollar look bad.  Who would have guessed, if you pump trillions of dollars into the system, more fiscal stimulus than any other country as % of GDP by a mile and more coming down the pike, all with freshly Fed printed dollars, it actually makes the currency go down.

Never would have thought that the European Union would look like geniuses but the US is doing a great job of making that happen.  Throwing trillions at a pandemic and hoping something sticks and the virus miraculously disappears hasn't worked.  Unless the measure of controlling the virus is a higher S&P and Nasdaq, which seems to be the measuring stick for those in government and a large part of the population.

We are almost there, that exquisite moment to short right before the crap hits the fan.  Thinking Monday will be that time, as Mondays have been the investors' favorite day to buy stocks over the last 4 months.