A massive rally is underway. Traders and investors alike have thrusted themselves into large vats of hot, liquified cheese–and been bathing in their own cheesy splendor for the better part of the last 45 minutes.
Gains to be enjoyed are most readily found in the commodity sectors. Everyone loves them. The Chinese aren’t buying any. But we love them, nonetheless.
The price of iron ore was down 6% last night, off by 22% over the past two weeks. On that news, iron ore stocks are sharply higher today.
Apple is down again and biotech stocks are lower. Today’s rally, although impressive on the surface, is incredibly cheesy, if I might say so myself. Moreover, it is milquetoast!
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Your ark is on the brink.
It was on the brink, but TLT has been providing long green oars since April 27
How so? Do you even have quotes, bro?