“There is no fire like passion,
there is no shark like hatred,
there is no snare like folly,
there is no torrent like greed.”
Siddhārtha Gautama
Stocks were rallying hard today, up about 7 percent.
The feeling that took the Street's imagination is that we are close to the apex of the virus, and that its all downhill from here.
In other words, the bulls see daylight.
Let's hope that this is not an oncoming train.
Gold and silver caught a serious bid today.
There is a serious short squeeze in physical gold. You can probably pick up some retail coins, but the bigger stuff is in short supply.
Stocks hit the 38.2 fibonacci retracement today.
Let's see if they can keep going.
A turn lower is just one tweet, one headline away.
Have a pleasant evening.
