The main reason for the gap up in the Qs is because Google gapped up on earnings news with investors feeling more bullish that the Debt ceiling pressure has eased a bit. The dangerous thing about this type of investor sentiment is that the debt war is going to pick back up again in a few months. What does that tell you about the modern day investor? It means they have lost their long-term perspective. It is no longer an investor market, it’s a speculator’s market, which means the volatility is going to continue.
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