While oil is up a little today, the market hasn’t really responded like one would think regarding the Iran situation. One has to think that either the market has already priced in some level of Iranian disruption, or priced out an sort of military response.
There is a ton of overthinking in general going on this market, which may be why the simple buy-the-dippers are winning.
Two great tweets on the deal between $XRX and $ACS. Merger Monday appears to be back with companies paying enormous premiums. My take is that companies can see that organic top-line growth is not going to come anytime in the future so are hoping to use M&A to boost the top line.
Great anecdote – especially going into end of quarter window dressing. Performance chasing and dip-buying go hand and hand.
I would be wary of any rally where stocks are laggards. If they don’t play catch-up, then I would fade this bounce.
StockTwits® is the world's largest social network for investors and traders. Anyone can share ideas about their favorite stocks or follow what others are saying in real-time. The quickest way to get started is to join right now and make sure you sign-up for our FREE email list.