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Insiders Club - 10.29.2014 Bookmark

10.29.2014

Yesterday for no really discernible reason the market decided to go nuts. The moves weren't little and cautious, we were seeing stocks moving in big chunks. CMI for example was up 9 dollars. Buffalo Wild wings up 18 on the day. If a company even got close to its estimates, it was "straight up".

Consider for a minute Amazon. The other day they announced earnings that showed they were off about a buck a share. Everyone grumbled that maybe Amazon's river of no returns was over. Yet it was up over 7 bucks a share.

Sanity has left the building.

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