Last week we received the psychiatric report that indicated Mr. Market was suffering from Market Nervosa. However, after this week’s session, the diagnosis has been updated, and it now indicates that Mr. Market is also suffering from a bi-polar disorder. Each condition is creating a feedback loop to the other. One reason for the new diagnosis is that the S&P 500 jumped 2.5 percent last week, staging its biggest 10-day rally in a decade and up
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