‘Lunatic Stocks’ Lead Rampage Higher

A strong push from the institutionally manipulated “lunatic stocks” goosed the broad averages higher on Wednesday. Even two recent laggards in the group, Priceline and Chipotle, took psychotic leaps, heightening the bullish effect on the Dow and S&Ps. Earlier, I’d raised the possibility here of a 700-point rally in the Dow over the very near term. This has now gone from an even-odds bet to a 2-to-1 favorite.