We had a trifecta yesterday for the stock market.  Unlike a horse race trifecta where there is a 1st, 2nd, and 3rd place, a stock market trifecta is one where everyone finishes in first place.  Everyone wins!   Right?

Isn't that the world we live in.  Everyone wins.   There is no second place, and most assuredly no last place.  Our society has fostered a mentality that failure is impossible.  Win or lose you win, winning is the only outcome.  A medal for everyone.  And in such a world reality becomes impossible to stomach.  Central Banks around the World are in the business of doing the same thing.  Failure is not an option.