I can't help but wonder if "Crisis Over" is like President Bush's "Mission Accomplished."
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"Any fool can believe the truth. It takes a genius to believe a palpable lie."
Perhaps Elon is as good a technician as he is a brilliant innovator and businessman.
Cycles are the only discipline that allows one to anticipate market turns as opposed to reacting to them.
When there are a cluster of these relationships, as there are currently, the likelihood of something major playing out is greater.
The market could be in a similar position again going into the anniversary of the 1929 top.
The Sell In May Vigilantes caught up with Mr. Market soon enough, putting a nail in the market on May 22.