Spiraling bond yields and the toxic status of high yield has Grandpa pissed off, in search for yield. The traditional destination for old men looking for a little yield action, worldwide, are the utilities.
Its been like this since the beginning time, old cavemen crushing in the skulls of their neighbors for their utility common stock certificates.
Year to date, diversified utilities are up 14%, by far the best performing sector in the market.
Con Edison is in style, for christ’s sake.
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Any good penny stocks
I need a penny stock to shoot up 1000%, And some heroin
Plus one. I’ll go black tar heroin if you have some.
“old cavemen crushing in the skulls of their neighbors for their utility common stock certificates.”
You’re a goddamn psychopath. This had me laughing too hard. Thanks.
Breadth stats:of stocks with over 100k avg volume
223 stocks up 1% or more
2419 stocks down 1% or more
66 stocks up 4% or more
772 stocks down 4% or more
(note:I forgot to exclude ETFs this time)
if this market can’t retrace 2020 then I’m staying on vacation. OH….WAIT