What's The Scariest Thing About Wall Street's Recent Rally?

No, it isn't a “head and shoulders chart” that would catch the eye of wary traders, or an impending high profile corporate failure. It is Wall Street’s complete detachment from reality: the tendency to quickly shake off bad news and turn it into positive news. Then, race towards new highs. For instance, a remarkable ability to quickly shake-off the Paris and the Brussels terrorist attacks. Never mind that terrorism is threatening to destroy globalization – a trend which has benefited the...