Alternative Path

[gdl]

https://www.msn.com/en-us/news/us/ken-you-lost-this-case-texas-ag-mocked-for-absurdly-claiming-a-win-after-supreme-court-rules-9-0-against-him/ar-BB1lNqov?ocid=msedgdhp&pc=U531&cvid=6e26f8612fb94971a1ca63fc4c35eb75&ei=15

Just one example of many that the state and federal legislature is back in the Tammany Hall era.

Market trying to come to terms with NO RATE CUT IN JUNE! They will of course assume it has to happen right after that meeting. So how does a market that was assured 2 or 3 rate cuts this year handle the situation? Why by finding reasons to still be bullish at these high P/E ratios. It takes time but we have a great capacity for deluding ourselves with any preposterous idea they can latch onto.

Today is day14 of the slide. Way too controlled so no panic in sight. Let's see if we can reverse and rally here as we did in November.