This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
Commodity prices are plunging, the dollar is powering higher, Obamacare is collapsing, economies everywhere are faltering and terrorism is spreading across the globe.
That’s bad news. Unless you happen to be among the stock marketinvestors who in the U. S. spent the last week bidding up stock prices like there is no tomorrow. They are playing with fire and are likely to get burned.
The Dow Jones Industrial Average rallied 3.5% or 579 points to 17,823.81 while the S&P 500 jumped 3.3% or 66 points back to 2089.17. The Nasdaq Composite Index added 3.6% to reach 5104.92.
Below the surface, however, market internals were horrible with anything energy related getting ‘schmeissed’ in the words of legendary market guru Doug Kass.
This post was published at Wall Street Examiner by Michael E. Lewitt ‘ November 22, 2015.
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