iPhoney Rally. Smoke And Morons. Nothing Else

You only have to look past retail, restaurants, autos, housing, and jobs imploding, to believe in this historically massive con job.

ZH: Floods, Nukes, And Pitiful Payrolls. Best Week For Stocks In 2017

Nothing in the world lies as much as misallocated capital:

Deflation wins again

Retail inventory liquidations:

Restaurant and bar sales

Home prices

Auto sales

Global trade

As long as everyone buys a $1,000 iPhoney8, this will all be fine. After all, it's "1" better than iPhoney7...