From CNBC here:
Investors have the sense that “a miracle is coming, and I’m not going to say it’s not — but it’s being priced in, clearly,” Block told CNBC in a Tuesday phone interview.
In the meantime, “everyone’s been lulled into buying every shallow dip,” so that the larger dips simply don’t happen, the strategist explained.
And these folks are supposed to be the best and brightest, at least according to them.
A miracle? Christ, we are fucked beyond recognition.