Citi: “There Is Something Strange Going On… Something Doesn’t Smell Right”

Jon Alternative Media, Blogosphere, Politics

With the Dow Jones rising excruciatingly close, or within 0.37 points of 20,000 on Friday only to let down the market cheerleaders in the last minute, it would appear that there is nothing one can throw at a market which is determined to keep rising no matter what happens in the world. So leave it to our favorite skeptic, Citi’s Matt King to throw a fly in the ointment by asking how is it possible that “nothing sticks to markets.”
He proposes one possible reason: perhaps analysts were overly pessimistic going into the election and year end, which is possible considering the “most synchronized DM upturn in years”…

This post was published at Zero Hedge on Jan 7, 2017.