Loading ...DaBoyz have gotten quite a bit of mileage out of a planned meeting in October between trade representatives from the U.S. and China. There are times
when the same news would have laid an egg, but this manifestly is not one of them. Cyclical forces are at work, fueling a short squeeze whose bullish
impact on stock prices seems exaggerated relative to whatever economic effect a face-saving trade agreement itself is likely to generate. We might have
scoffed a month ago at the notion that a bear squeeze could push the broad averages to new all-time highs with the economies of Europe and China
sagging so badly. But the Dow Industrial Average is now within 2.5% of a new record — close enough that it will be magnetically drawn toward the old
peaks if it finishes the week with a further gain of perhaps 250 points.