Are Summer Horrors Ahead for the Stock Market?

This is certainly a possibility which merits thinking about. Let's take a peek at what has preceded the onset of this summer and consider the, dare we use the term, "derivative" prospects.

There has, as we have noted in a recent post, been a veritable gusher of happy talk in recent weeks. Indeed, if one could construct a graph tracing the volume and pandemicism (yes,we know there is no such word, but hell, this is our little corner and we figure we can make up any words we like), it would look kinda like the price of oil. This rising chorus of happy talk has also paralleled another, and more relevant, trend, of course: viz., the rise in equity prices itself.

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