I think investors are increasingly clueless about how to deal with the 47 regime's insanity.
It seems to me that an entrenched belief that stocks ALWAYS go up over the long haul is keeping the stock market looking relatively ok. And while that relative stability lasts, effects on bonds as "supply" increases to cover borrowing, are somewhat muted. I think what we are seeing is artificial and the reality -- that the 47 regime is actually sabotaging EVERYTHING that drives prosperity -- will bring down the house of cards in a spectacular crash (i.e., He is driving national brain drain, squashing innovation by squashing science, gutting natural disaster risk mitigation, taking dollars from the pockets of the many and thereby squashing spending, gutting the underground economy we are addicted to by driving massive 'self-deportation' to escape kidnap and cruel and unusual punishment in detention, and on and on...).
We can't know the future, and I may be completely off my rocker, but at this point, I would not be a bit surprised to see a massive sell off some time in the next couple years, with the djia dropping below 30,000 over the course of an unprecedented "black week."
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