Editor's note: Edits were made to this article.
We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism.
Speaking of stock market bulls who are stampeding uphill on the euphoria side, I wrote:
"Right now the farce is with them - reopening has arrived! And these stupid people will believe that means they were right about the "V," virtually assuring they continue to bet the market up for a little while…. The reopening means economic statistics will improve rapidly.