Money Daily's new policy will be (most of the time) to just post the closing figures when stocks close to the upside and offer more analysis and "insight" when the markets close in the red, sometimes, when we feel like it, or not.
After all the carnage that's happened this year, apparently, the bulls are back for another slaughter. Bulls, being the central banks of the world, are desperately buying equities in an attempt to shore up the last vestiges of the industrial revolution, information age and dot-com 3.0.
The current three-day rally offers the same kind of background as all of the previous uplifting moves in stocks; nothing of lasting value.
Today's fiction:
DJIA: 16,453.83, +257.42
S&P 500: 1,926.82, +31.24
NASDAQ: 4,534.07, +98.11
Crude Oil 31.00 +6.75% Gold 1,210.20 +0.17% EUR/USD 1.1135 +0.09% 10-Yr Bond 1.8190 +2.31% Corn 367.00 -0.07% Copper 2.07 +1.05% Silver 15.36 +0.20% Natural Gas 1.93 +1.21% Russell 2000 1,011.13 +1.54% VIX 22.31 -7.47% BATS 1000 20,743.15 +1.55% GBP/USD 1.4294 +0.04% USD/JPY 113.9950 -0.17%
Wednesday, February 17, 2016
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