Giddy Up!

(1) Mini-version of 1987. (2) Déjà vu all over again. (3) Updating the bullish impact of TCJA on earnings. (4) Giddy talk on CNBC resulting from giddy talk during latest earnings season conference call. (5) Melissa tunes in to the conference calls of the 30 DJIA corporations. (6) “[D]oggone good!” (7) Tax reform making US companies more competitive, with greater “capital flexibility.” (8) TCJA windfall likely to boost capital spending, buybacks, dividends, and employee benefits. (9) Lots of talk about funding organic growth rather than M&A.