[…] And it is happening all over again.
Stocks were slumping badly overnight, on the brief realization that the scope of the threat to the global economy by the coronavirus is being widely and deeply mispriced.
But as the day wore on in New York, denial once again held the day.
And the market lifted, almost miraculously and steadily, once again.
Do you seriously doubt that the US stock market is being propped up, and at the urging and direction of the White House?