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That was something that actually happened a lot during the Cold War too.

The first rise in jobless claims since March prompted a brief Tyson-esque "punch in the face" of reality for the incessant dip-buyers in the stock market...

Only at the peak of the Dotcom Mania have we see anything like it...

Goldman says it doesn't think the company will guide for the September quarter due to uncertainty around Covid-19 and the potential that this fall's iPhone launch is delayed. 

“The Market has but one objective; to inflict the maximum amount of pain on the maximum number of participants.”

"The forces of liquidity are just unparalleled ... we’re seeing what happened post the GFC (global financial crisis), but we’re seeing it on steroids."

A recurring theme in “How We Got Here” is that the Constitution no longer means what it says it means, but rather what any five Supreme Court justices say it means...

"Newsrooms have had a rough few years, as revenues declined..." 

"Weather is definitely the X-factor for us." 

"We received an abundance of coin in a short amount of time." 

Of course, we doubt that anyone will care that of the company's $451MM in adjusted net income a record $428MM came from sale not of cars but of regulatory credits...

Microsoft beat top and bottom lines in Q2 but shares are sliding after hours.

"Gold is definitely a fiat money hedge."

A more durable bid could easily push through the bottom of the range and put a <50 bp 10-year yield on the table as the summer drags on. 

... several of the previous incidents occurred at quite inauspicious times in the market – including near cyclical peaks in 1973, 1980, 2000 and 2008.

It will soon cost Uncle Sam less than 1% to borrow money for 20 years.

"Our guess is that revenue will get to about 50%..." 

This morning TSLA cut the price for its most popular car by -6.1%: we believe TSLA has a major demand problem in the market that nearly 100% of pundits deem its “growth opportunity”.