Who could have seen that coming? U.S. equities rallied on the basis of an entirely manipulated Chinese stock market rally overnight, which was caused by those arrest warrants for short sellers, hope for a last minute Greek deal, which was dashed by calls for a massive EUR 80billion bailout that Germany will never allow, and, of course, the Iran nuclear deal fiasco.
Then, as usual, reality rather than hope takes center stage. The outcome so far is that the DJIA has just experienced a 500-point-pump-and-dump as this morning's exuberant TV anchors are suddenly silenced by the new found reality that China, Greece, and Iran do matter. (Zero Hedge)
As of 2 PM (CST), the DOW is up 47 points with one hour of trading to go.
Then, as usual, reality rather than hope takes center stage. The outcome so far is that the DJIA has just experienced a 500-point-pump-and-dump as this morning's exuberant TV anchors are suddenly silenced by the new found reality that China, Greece, and Iran do matter. (Zero Hedge)
As of 2 PM (CST), the DOW is up 47 points with one hour of trading to go.
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