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Old 2020-05-26, 20:07   #144
ewmayer
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Another day, another "Dow Jones Surges 600 Points On Coronavirus Vaccine Hopes" headline. But today the above was followed by a - scary! - "...But Cuts Gains", it seems there was a teensy bit of profit-taking into the close, leaving the Holy DJIA30 up a mere 500 point and change for the day. I'm sure the folks at the Fed are busily considering whether more $trillions in liquidity should be firehosed in the direction of Wall Street, as 1000-point-plus rallies on the latest "vaccine hope!" rumors or PR from Big Pharma firms looking to boost their share price so the insiders can cash out their shares before it becomes clear that their trial vaccine is not up to snuff or will in fact be years away from possible use have become shockingly scarce in recent weeks.
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