Trauma’s true consequences and effects often show up long after the event that caused the initial harm.

The DOW touched 30k today with the announcement of the Pfizer vaccine.

I think the real economic problems from COVID-19 will show up much much later in ways we don’t expect. I wouldn’t be a buyer here. In fact, I’d go short on the market today. I’m sure I’m playing the role of Cassandra here for market bulls, but I think I’m right. Be careful.

Also gives me a chance to post a clip from my favorite movie of all time, “Trading Places”.