The Wall Street lemming stakes

On “better than expected” inflation number, the lemmings drove the Dow up about 700 points, from yesterday’s close, gave it all back, printed a 100 point loss, and is now showing about a 100 point gain on the day.

What will stampede “the wise” tomorrow?


What won’t stampede them any day?

As profits come off ultra highs equities will sink.

The corporate pricing power is about to go in reverse.

Lemmings and stampedes; that is exactly how it has felt for months now. Exactly so.