All I can figure is it’s a bear market rally - the banks and hedgies are unleveraging their long position in commodities nd covering their shorts in financials, homebuilders, and the like.
There is NO economic news out that justifies any type of a rally.
bttt!
I think you missed the “sheep bait” that was dropped. On the directions it said: “To be used to create illusionary market rally. Spread evenly and dampen with b.s. Do not flood as it creates a strong objectionable odor.”
“There is NO economic news out that justifies any type of a rally.”
Yes, me too!
I sat on the sidelines scratching my head over yesterday...wanted to jump in, but the water didn’t feel right.