It’s Fitting

Bitcoin™ suddenly jumping back in a mighty out-of-the-blue hurl over $50K…

S&P 500™ today, once again, left the opening gate and is within a nose to post new record, never before seen in human history, lifetime highs…

What’s not to like, right?

Yet, the last few minutes in said “markets” seemed to do their umpteenth best at getting to that high, and yet – it could not. Will it? Maybe, maybe not. However, that last try at the end of day sure looked like there was little to anything “left in the tank” as the saying goes.

Here it is dressed up in all its Holiday splendor. To wit:

(Chart Source)

So now with all that said, I present what seems like the only fitting presentation to match the enthusiasm of the mainstream business/financial media. For as I tuned in, read or watched – all I heard were differing emanations of the following to describe this latest “Santa Clause Rally” melt up, again, to wit:

(Source)

Just remember, it was precisely this song and attitude that was sung to decimate the idea that the 1929 crash could ever happen again. Do I need to mention what happened next?

As always, we shall see.

© 2021 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.