There are many milestones on the path to adulthood: turning 18, graduating from school, landing that first job, having a baby. There are also less tangible markers of adulthood such as a shift in our perception of threats. Saturday morning cartoons implied that quicksand would be a real and ever-present obstacle to daily life. School assemblies left us wondering just how often we’d be catching fire. Hollywood warned us about the Commie Reds invading our neighborhoods and training montages. All of these threats were overblown. Quicksand and catching on fire are extremely remote issues. As we all know, Head of the Class planted the seeds of the Soviet Union’s destruction when they traveled to Moscow in 1988. The USSR only lasted 6 months after the last episode of America’s favorite classroom comedy in 1991.
Now that we’re older, we worry about adult things like jobs and babies. One item you can demote on your adult worry list is CNBC’s “Markets in Turmoil”:
And here we go. The median 3-month return following a CNBC special market report is +5.4%, 11 out of 12 positive. The sole loser was -0.2%.
This is tongue-in-cheek. Kind of. pic.twitter.com/Sdw8F42bAh
— SentimenTrader (@sentimentrader) October 11, 2018
If you're wondering why the markets are rallying today, @CNBC did a "markets in turmoil" special last night. Historically, that has been a bullish contrarian indicator. pic.twitter.com/EmCRbIc9Ta
— Charlie Bilello (@charliebilello) October 12, 2018