Tome Lee is one of the millennials stock market cheer leaders. After the bubble burst he will be never seen again.
Equities on Wall Street traded higher in the premarket session on Tuesday, as fears of possible further shutdowns and negative impacts on the economy due to the Omicron coronavirus variant alleviated. The Dow Jones jumped 0.87% or 306 points at 4:21 am ET, while the Nasdaq 100 traded 1.73% higher at the same time. The S&P 500 increased 1.16% a minute later. The euro dropped 0.16% against the dollar to change hands for $1.12647 at 4:23 am ET. NN: The black Friday death plunge is over. The dippers got their 5% drop and its now time to buy again. The market is a master of setting up patterns to suck in the suckers and then the floor drop out from under them. The Omicron shut down fears have abated. These are the gyrations you see at bubble market tops. I expect new record highs in the stock market