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Strebler's Perspective

THE MORE THINGS CHANGE, the more they remain the same. Or at least it seems that way at times. Just this week alone we saw crude oil selling for half (50%) of its price a mere five months ago. Hollywood’s biggest studio joined the U.S.’s five largest theater chains in agreeing to do N. Korea’s bidding and kill a movie that spoofed killing the Hermit Kingdom’s leader. And topping it all off – the U.S., out of nowhere, announced the normalization of relations with its Western Hemisphere nemesis of the last 54 years, Cuba. Incredible, world-shattering events all.

 

Yet here’s the U.S. economy, and more pointedly – its stock market -- shaking off yet another sortie aimed at the aged Bull market. Down an impressive 900 points in a mere seven trading days, the Dow Industrials decided to see that bet and then raise it, reprising their patented ® spin-on-a-dime move by rallying a mind-blowing 700 points in ... Log in or subscribe to continue reading.


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