Until the bad news about this fall begins to dawn on the (stupid) public, this market might move higher still. In fact, as we reported Wednesday, another 10-14 percent is not off the table.
This being the weekend, we focus only on a few headlines and the ChartPack., But today, even after the hiccup Thursday, there remains reason to either hold long (risky) or (opportunistically) remain in cash and wait for the downside to do more than a 5-hour announcement of its arrival.
A few other news items, but this is getting into the time of year Editors hate. There’s so much heat, so many vacation days to burn off, and so very little worth writing about. Except, of course, the “news schedules” demand it.,
Even if the topics are third-rate and the conclusions forgone. This is us, doing our part, too.
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