After 5000 Dow points you’re gonna go with ‘the tax cuts are allowing me to use the term ‘Recovery'”?
Almost snuck that one by us…
There is a subtle shift underway at some of the most bearish enclaves around the web and The Street. Rather than admissions that the world is not ending, we are getting equivocation: “Yes, things may be improving but it’s only because of the Fed/Treasury/POMO/Jews/Freemasons/China etc. This is actually a notable change from their saying that nothing was improving at all.
Data is still being picked apart, motives questioned, bubbles sighted at every turn. But the rhetoric is shifting – if you pay close attention, you can spot it everywhere.
Capitulation? You tell me.