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Odds & Ends Crazy stock action. I've been trying to figure what the hell the market is doing without much success. Reasons I've heard today: -"Quadruple witching" on Friday causing a lot of position-squaring. _"The market" has figured that the cratering in the price of oil and gasoline is good for about 80% of the companies. _On a related note, the market has de-coupled from the price of oil. _Fed chair, Janet Yellen, making "dovish" remarks about interest rates. _Overseas financial markets are so squirrelly that investors are pouring money into U.S. equities. _All of the above. I'm no technician. Maybe one of them has a better handle on things. Dramamine, anyone? |
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