Tuesday, April 28, 2020

Market Commentary From the Ukulele Orchestra of Great Britain (while in self-isolation)

Harking back to the Happy Time, in this case June 20, 2019:
Capital Markets: Your Love Is Lifting Me Higher
I'm thinking that may be our theme song for the blow-off phase, see "Just a Reminder: Riding the Bubble Can Be Very Profitable".
It's probably a sad reflection on me that, despite Jackie Wilson's amazing talent I preferred our theme song for the 2008 - 2009 unpleasantness, The Ramones' I Wanna Be Sedated....
Here's a cover to dance to with equity futures green, green, green:


We'll be heading back down as we approach the election but for now we dance

note: we drag Mr. Wilson out to reflect market optimism not as a predictive tool.
Here's a February 2009 instance, fully a month before the ultimate bottom:

Markets: Your Love is Lifting Me Higher  
Sometimes markets just make up their collective minds to go in one direction or the other and it pays to set Graham and Dodd down and start dancing*. Here's Jackie Wilson:...

DJIA futs 24,404.00 +405.00(+1.69%)