Gaps tend to get filled -- that's all.
If you disagree, you can content yourself with this pleasant thought. It's in the 90s outside, and the oil company overfilled the oil tank here. The solution, they said, was to run the heat for a while. So I'm baking.
I think that may be the same solution proposed by the analysts. The market is overbought, and their institutional accounts may be overfilled with overpriced junk. So they pour in more snakeoil, bring on the oily-tongued hypesters on CNBC, and try to get a nice rally going, with everyone hot to buy, based on optimistic spins on bad quarterly reports, and more unaccountable predictions that the market has touched bottom. When the market's hot again, and everyone's goose has been fully cooked, at the top of the next bear market rally (to mix the animal metaphors), they pour on the cold water.
Man, it's hot in here. And no fancy chair, either. I'll be running out of here like people are pilin' out of AMAT. And to think it was just upgraded. |
