The markets are crazy. The government is crazy. Everything is crazy right now. I simply cannot figure out a rational way that the stock market is where it is today. And so I am giving up. I have bet with put options that we are irrational and probably will some more, but I am truly amazed at our ability to perservere in our inept investing ways. We have continued this rally much longer than it deserves. It will end, but I am giving up on when that will happen.
Then there are the conspiracy theories on the subject. A lot of thoughts about how certain companies or even the government may be painting the tape. On how there are ways the market can be manipulated. I did not initially buy into these but I am beginning to wonder. The current market behavior is simply irrational, in a word.
Disclosures: None.
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