Yes, today is further, conclusive proof tgat Wall Street traders are the STUPIDEST PEOPLE ON EARTH.
Again, the problem is not that the market went up today. The problem is how much it went up, with no real change in economic "news". These wild swings, both up and down, continue to be proof of a broken market. This blog is amost the only source telling you this, which means this blog is almost the only intelligent commentary out there on the stock market.
As usual, most of today's up move in the stock market was total fiction, and people who bought stocks at the top of today's computer program driven, fictional up move remain the stupidest people on Earth.
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