I am not known to the most optimistic person in the world. I think my mood soured this morning when I saw the CAC outperforming our markets. But this rally is impressive. The Dow is up 185, S&P up 22 and the NASDAQ is higher by 43.
In the big scheme of things, this was expected, following a biblical styled drubbing, which by the way, caused another oversold signal by Exodus. That has proved out to be a win.
Stocks are heading higher, squeezing the ugly faces of bears. Oil is up almost 3% and the world is a better place with higher stock prices.
The only small caveat to this rally is the armaggedeon styled drop in retail stocks, ahead of the joyous holiday season. Oh, by the way, URBN bought a fucking Italian restaurant chain today. Makes so much sense. Synergies galore!
Ciao
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i’m donkey punching energy bears and vxx longs. happy thanksgiving!
45° angle. When the power brokers want to lull you the global outlook is stable and calm.
(obvious move ny fed or ny fed proxy programmers)
You could have done better than Brady. How about a REAL American hero? http://a1.fssta.com/content/dam/fsdigital/fscom/nfl/images/2014/02/02/020214-NFL-past-super-bowls-TV-Pi3.vadapt.620.high.91.jpg
As I passed through my hometown Boston last night watching a Brady 4th Quarter Comeback ™
IBM bouncing off 52-week lows good job!