January 28, 2020 | Bull Fever Didn’t Cool for Long

A killer virus on the prowl around the planet evidently was not on investors’ fevered brains Tuesday as they proved yet again that betting heavily against a third straight down-day is nearly always a big winner. The S&Ps were up 32 points, with a corresponding gain in the Dow Industrials that has put 30,000 in play. The leap that Apple shares took when record earnings were announced after the close is likely to have a bullish impact on the shares of Microsoft , Facebook, Amazon and Boeing when the respective companies announce earnings between now and Friday.
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Rick Ackerman January 28th, 2020
Posted In: Rick's Picks
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