Friendly reminder after a ripper of a day: -Markets don’t move up in a straight line -One policy speech is a single (albeit meaningful) mile in a marathon -We will have plenty of scary dips; 99% of bears will goon on the tl and misdirect you through either ignorance or malice -The remaining 1% of folks that are astute observoors will usually express caution not at local lows, but when things are rosy or complacent -Know who is who, and have your own plan for all PA and time horizons