Wednesday, November 23, 2016

Equity markets shed no light

Today's U.S. equity market was stable.  Now, just before the Thanksgiving weekend, accepting that there should only be modest trading on Friday, there was no sign of short selling or short covering in balance.

Lilly was hit big on its trial's failure with an Alzheimer's drug, and was a buying opportunity later in the day.  Small caps settled down.

Heavy eating was anticipated, one could guess.  No thoughts here, but observant and less than reassured.

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