We are back to where we started Monday....a good whipsaw givng hope to bears and bulls to chunk down their capital.
The fear of hurricanes drives ships away, and inventory reports on oil cause oil to skyrocket based upon "big demand" which is a fallacy perpetuated by financial entertainment television and industry professionals who do know better. This in turn drives equities up as part of Pretchers "all one market" theme.
Therefore, hurricanes cause increases in equity prices. This market is fractured.
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Insightful and Useful Comment!