Wake up Maggie I think I got something to say to you
It’s late September and I really should be back at school
I know I keep you amused but I feel I’m being used
Oh Maggie I couldn’t have tried any more
You lured me away from home just to save you from being alone
You stole my heart and that’s what really hurt
The morning sun when it’s in your face really shows your age
But that don’t worry me none in my eyes you’re everything
I laughed at all of your jokes my love you didn’t need to coax
Oh, Maggie I couldn’t have tried any more
– Maggie Mae
– Rod Stewart 1971
So, is that the stock market or what? The seductress for a young man. He knows it is not good for him but he cannot help himself. He buys those stocks after the open no matter what the news – good or bad. But unlike more traditional sentiment treatments, where stocks are resilient in the face of bad stuff, this time the market is going nowhere.
A lot of people are crowing about the new bull market and I’ve seen the term melt-up use. “If you are not long, you are wrong!” Rod Stewart continues….
You made a first-class fool out of me
But I’m as blind as a fool can be
You stole my heart but I love you anyway
Or as we bears might sing from something a little more contemporary – Wake me up, when September’s ends (Green Day).
