Randolph Duke: Pay up, Mortimer. I've won the bet.
Mortimer Duke: Here, one dollar.
~ ~ ~
Here is a cheat sheet on how to react to market data releases in a 1932 or hyperinflation type equity market rally:
Weak data = Fed ease, stocks rally
Consensus data = lower volatility, stocks rally
Strong data = economy strengthening, stocks rally
Bank loses $4bln = bad news out of the way, stocks rally
Oil spikes = great for energy companies, stocks rally
Oil drops = great for the consumer, stocks rally
Dollar plunges = great for multinationals, stocks rally
Dollar spikes = lowers inflation, stocks rally
Inflation spikes = will inflate all assets, stocks rally
Inflation drops = improves earnings quality, stocks rally
h/t: CIGA Udoran via Jim Sinclair's MineSet.
~ ~ ~
[after Ophelia and Coleman stop Louis from choking Billy Ray]
Billy Ray Valentine: [gasping] It was an experiment... to see how our lives would turn out... the Dukes arranged it... they made a bet.
Coleman: I'm afraid it's true, sir.
Ophelia: I believe him, Louie.
Louis Winthorpe III: The Dukes... ruined my life... over a bet? For how much?
Billy Ray Valentine: A dollar.
Louis Winthorpe III: One dollar... fine. That's the way they want it? No problem.
[cut to Louis cleaning and loading an array of shotguns in the den]