The Gilmo Report

July 11, 2021

July 10, 2021 1:07 pm ET

There are times when it is difficult to take this market seriously, given its capricious and sometimes bizarre tendency to forget what it just did the day before and streak maniacally in the other direction. I have likened it to a mad person who runs screaming toward the edge of a cliff before suddenly stopping, looking over the edge, and then running back the other way, all while screaming even more loudly.

I suppose this is just another anthropomorphizing of the action of a schizoid, chop-fest of a market where there is little to be found in the way of major, sustained trends, outside of the major market indexes.

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