In the wake of the big Apple-Samsung case and rising patent litigation in the tech industry, a sketch from the concerned economist Alex Tabarrok of the blog Marginal Revolution:
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We are far from a level of market euphoria. There hasn’t been a peak with anywhere near the current level of low market bullishness for nearly two decades now.
If the tariff news is generally good, then it’s a reason for optimism. If the adjustments turn out to be less meaningful, that can be overlooked if it means that the administration is willing to offer periodic bullish tidbits to the market.
David Callaway at MarketWatch has it right: Market catastrophes rarely happen when everyone is looking.
Investors are mixed on the wisdom of another pandemic spending package
