The Wall Street Mule Gets Smacked By A Washington Two-By-Four, Part 2

The Wall Street mule got smacked with 350 Dow points of two-by-four yesterday, but you would never know it from the bubblevision commentariat. Turns out these sell-side strategists had been "expecting" a modest correction all along, and that yesterday's plunge was actually a blessing because it was setting up the next opportunity to "buys the dips".
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.