Because that makes as much sense as trading stocks these days:
U.S. stocks headed for a higher open Thursday as investors await economic reports as well as quarterly results from several big companies.
The uptick in stock futures comes a day after falling oil prices and stronger-than-expected bank results swept Wall Street to a huge rally.
Let’s see. We just saw the largest commercial bank failure in American history, the GSEs responsible for half the home mortgages in the country are insolvent, and even by the phony statistics compiled by the U.S. government, inflation is at a 27-year high.
This is cause for a rally? What are investors smoking?
It looks more like an opportunity to sell and get out before it’s too late.