Everything is just grand again!
We thought A low was being put in the market last week. Monday’s action made the low A better low. Markets have recognized there will be no rate hike. Just a word to the wise. Bear market rallies are sharp, quick, make you feel good, get people calling the bottom, suck you in and then…
Pfizer Raised Prices on 133 Drugs This Year, And It’s Not Alone $PFE
http://www.bloomberg.com/news/articles/2015-10-02/pfizer-raised-prices-on-133-drugs-this-year-and-it-s-not-alone
Crude up over 2% On Mon as gasoline jumps, Russia mulls oil talks
http://www.reuters.com/article/2015/10/05/us-markets-oil-idUSKCN0RZ03320151005
VW Probe Zeroes In on Two Engineers @FoxBusiness
http://www.foxbusiness.com/industries/2015/10/05/vw-emissions-probe-zeroes-in-on-two-engineers/?intcmp=marketfeatures
DOJ Settles with BP for Over $20B in 2010 Oil Spill @FoxBusiness
http://www.foxbusiness.com/industries/2015/10/05/doj-settles-with-bp-for-over-20b/?intcmp=marketfeatures
DuPont CEO Ellen Kullman to Retire @FoxBusiness
http://www.foxbusiness.com/business-leaders/2015/10/05/dupont-ceo-ellen-kullman-to-retire/?intcmp=bigtopmarketfeatures
Required Reading Of The Day
Stocks Rise as Traders Question 2015 Rate Hike Trans-Pacific Partnership Trade Deal Reached General Mills Recalls 1.8M Boxes of Cheerios Amtrak Train Derails in Central VT
Chart Of The Day: Only 30.8% Of Stocks In The S&P 500 Are Above Their 50 DMA Lines- Up Sharply From The Aug Low
This reading is up sharply from the August 2015 low of only 4.6%!
At least the Alaska Air CEO Tells The Truth!
SOURCE: http://www.latimes.com/business/la-fi-alaskaairlines-ceo-20151002-story.html