It looks like the pigs in Congress are going to get their ‘tax reform’ for Christmas.

Winning…

The various stock and several bond markets are in a financial asset bubble, and certain stocks are surging higher in some fairly impressive daily moves based on utter nonsense.

Bitcoin and the various related crypto-currency plays are now a bona fide mania.

Rational skepticism has fallen by the wayside.There is no getting in front of a mania, but that does not mean you have to join the maniacs.

I think this tops the valuations of the worst of the gerbil tossing tech stocks in the internet bubble at the turn of the century.That was something to behold.Who wold have thought they could do it again two more times, with the help of the Fed and the acquiescence of the regulators. 

Ski these black diamond slopes at your own risk.

No need to contact me and explain why you intend to buy every pullback.

Vaya con Dios.

If you are an expert, you don’t need any advice from me.There is no stopping people who are determined to be rich, in a hurry and without working for it.Free money!

I am obviously just the old guy in the kitchen, baking cookies.lol.

It is interesting to wonder what will break the bubbles, and if they will start falling in unison, or if one breaks and others get some legs before they too roll over.

We’ll never learn.We should not have bailed them out.We ought to have driven a stake in their collective heart of darkness.