FYI: The eerie blue light that brightened new York City’s skies on Thursday evening for about 15 minutes was officially attributed to a “sustained electrical arc flash” at a Con Edison plant in Astoria, Queens. My neighbors there thought it might be an alien invasion.
As an eyewitness, I think the likelier explanation is that those brilliant flashes of indigo and purple augured an unusual sentiment change on Wall Street.
Welcome to the zombie market, one that’s neither bull nor bear, neither quick nor cold. Instead, investors stumble around in a stupor—as they have for the past two weeks—arms outstretched, feeding on the latest bit of stray economic nourishment.
Regards,
Ted
https://www.barrons.com/articles/if-this-isnt-a-bear-market-then-what-is-it-51546042551?mod=djem_b_Weekly Feed for Barrons Magazine
