Dow Industrials Travel 1,295 Points As Larry Kudlow Saves The World

Spooked at the open that China would impose a 25% tariff on soybeans (you can't make this stuff up), the Dow Jones Industrial Average slumped 510 points at the open, but immediately began to gain ground.

By noon, the index had nearly clawed itself all the way back to breakeven, and finally, after 2:00 pm EDT, began an ascent that would leave the blue chips up 230 points on the day.

What spurred the gigantic gain of nearly 800 points off the opening low was word from White House financial advisor, Larry Kudlow, that the tariffs were only outlines and that they may never even be put into effect.

It may be cynical to say, but when the greatest stock market in the world can be auto-tuned to move in massive fashion on the words of one man - and that man happens to be Larry Kudlow - anybody with a functioning brain would want to be far removed from it.

In a word, it's Bullshoot. Rubbish. Trash.

Another cynical outlook would suggest that anybody being short heading into first quarter earrings season is in dire need of a frontal lobotomy. Being anything but long at this juncture - particularly after the whacko Wednesday just witnessed - is tantamount to financial suicide, and suicide is still outlawed in most states.

April now looks to be a perfectly glorious month for pensioners trapped in an alternate reality of hopefulness and trust, and for stock manipulators who make money on both ends of the trade, the brokers, schemers, bankers...

Dow Jones Industrial Average April Scorecard:

Date	Close	Gain/Loss	Cum. G/L
4/2/18	23,644.19	-458.92	-458.92
4/3/18	24,033.36	+389.17	-69.75
4/4/18	24,264.30	+230.94	+161.19

At the Close, Wednesday, April 4, 2018:
Dow Jones Industrial Average: 24,264.30, +230.94 (+0.96%)
NASDAQ: 7,042.11, +100.83 (+1.45%)
S&P 500: 2,644.69, +30.24 (+1.16%)
NYSE Composite: 12,466.45, +99.38 (+0.80%)