Wow! Can you believe it? What in the world is going on now? No one understands this, it just makes no sense. Has the world gone mad?
All of these sentences could be uttered every week if you have a conversation about the stock market. It never seems to change, there is always something nutty happening. If it’s not the Fed, it’s congress. If it’s not interest rates, it’s PE ratios. If it’s not earnings, it’s IPOs.
All of this reminds me of an old Saturday Night Live skit that featured Gilda Radner as Roseanne Roseannadanna. After going off on a rambling rant loosely related to some topic, Rosanna would be interrupted by the news anchor played by Jane Curtin and then Roseanna would end the segment with the line, “Well, Jane, it just goes to show you, it's always something — if it ain't one thing, it's another."
And that’s the problem and opportunity with the stock market!