Fed Up With These Random Bullish Moves

 | Oct 30, 2013 | 11:33 AM EDT  | Comments
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Stock quotes in this article:

aapl

,

gild

,

cnx

Are you tired yet, like I am, of the random positive moves? What was Apple (AAPL) doing down 13 points Tuesday? What's it doing up 10 Wednesday?

How can the banks be running this session when the headlines are all about fines and prosecutions and deals breaking down while housing has clearly slowed? Why today? Because these stocks haven't kept pace? What's that all about?

How can Gilead (GILD) go up again on the hopes of a Dec. 8 approval of the Hepatitis C drug when we have all expected it to happen? How can a stock almost double in a year -- up 97% -- on the same news over and over again? And how can Deutsche Bank upgrade Gilead at this red-hot minute?

How do natural gas stocks go up all of the time on takeover talk when the natural gas business is awful? Who is going to buy them when the action is all oil? Perhaps Consol Energy (CNX) is supposed to buy them all?

Counterintuitive bullish action is all over the place.

It's just maddening.

There's no pattern. It's just random, endless discounting of the same news. Re-ratings all over the place.

Just isn't supposed to work like this.

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