Meanwhile, I sent this text to a friend yesterday:
All this today:
Unemployment claims were unexpectedly high, US
sanctions on Russia, Russia is retaliating, housing is tanking, existing
homes sales drop 18%, Philly Fed employment lower, Caterpillar sales
drop 15 months in a row, largest steel maker in China defaults on debt,
Russia now threatening to invade Estonia, and Wall st thinks stocks are
worth MORE today vs yesterday. This is classic bubble!