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How I Learned to Stop Worrying and Love the Derangement

Summary:
Here they go again. After a week of relative sanity on Wall Street, robo-machines, day-traders, and Robinhooders were back at it Monday. What are they thinking? Truly… With nearly every S&P 500 Index component having reported second-quarter results, trailing-12-month on the basis of Generally Accepted Accounting Principles (GAAP) posted at .00 per share. On an “ex-items” or […]

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Here they go again. After a week of relative sanity on Wall Street, robo-machines, day-traders, and Robinhooders were back at it Monday. What are they thinking? Truly… With nearly every S&P 500 Index component having reported second-quarter results, trailing-12-month on the basis of Generally Accepted Accounting Principles (GAAP) posted at $65.00 per share. On an “ex-items” or […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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