[palmer]

I think you are talking about the general trend since the low in March and I am talking about the last week. There was a diouble top, early Sept and mid-Oct. That's not usually a sign of strength. So you might have something of a point.

But the market also rotated away from the weak sectors like travel. Those have only meandered up a little since March-May.

[wgmalabama]

I don’t have a point honestly. I am applying a very limited set of logic rules that I understand to a complex beast that I will never understand. It all seems very irrational to me and I cannot put my head around it. I see many companies coming into a bloodbath financially but the stock market is very close to pre Covid. That just doesn’t add up to me. I don’t see consumers rapidly going back to pre Covid days. I see it taking years.