Pleasant Dreams

Only shadows ahead barely clearing the roof
Get to know the feeling of liberation and release
--Crowded House

After probes lower, higher, and lower yesterday morning, bulls decided to take charge and stampede higher by a couple of percent. The rally is continuing this am and has currently retraced over half of Monday's losses.

Investors, conditioned to expect the rare downdraft over the past couple of years to be short-lived, seemed to be breathing a collective sigh of relief once more.

Not sure the dream will end as pleasantly this time.

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