Last fall I wrote that "our stock market is like the Titanic on April 15, 1912. It is living onborrowed time, and all the King's men and horses are not going to be able to put this Keynesian Humpty back together again."
Nothing since then has changed that opinion. The stock market is off to its worst yearly start in history going back to 1897. Down 10.03% in the first 12 trading days of 2016,the boys on Wall Street sense that something wicked this way comes and are piling out of stocks to find a hopeful haven in bonds.
