\n<\/p>\n
No matter. On Thursday, markets continued to soar. \u201cIt\u2019s not a bull market or a bear market, it\u2019s a Trump market,\u201d says Yale professor Jeffrey Sonnenfeld,<\/strong> though he adds there are signs that financial markets are \u201cstarting to call Trump\u2019s bluff.\u201d<\/p>\n Traders are trapped, like all of us, in Trump\u2019s world. It\u2019s a bizarro twist on the \u201cboy who cried wolf\u201d dynamic, Armstrong says. \u201cAt what point do the villagers say, \u2018This kid\u2019s full of shit\u2019 and he gets eaten by the wolf? Well, if the boy who cried wolf had the nuclear codes, the villagers would be forced to keep listening to him forever. The president is an office of terrible power, and that will never stop being true.\u201d<\/p>\n That\u2019s made life difficult for the denizens of Wall Street, even as some cash in on the war-time volatility. \u201cThis is a trader\u2019s wet dream,\u201d says the Wall Street insider. \u201cVolatility is really good if you\u2019re a trader. I guarantee Goldman Sachs and all the trading desks are making money hand over fist.\u201d<\/p>\n