Good Monday Morning. The market is getting a big bounce, although news is relatively light. Banks stocks are leading the action, +6.0% so far, and those gains are being matched in the housing sector. Drugs stocks and biotechs are lagging, as well as a few large tech stocks.
I was impressed and was thinking about writing about it, and I may do so at some point, but not today. Some recommended thoughtful commentary:
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When I was a graduate instructor, I taught a course once in which a student plagiarized enormous sections of a take-home final exam; the plagiarized sections, hilariously enough, came from one of the texts I’d actually assigned for the course. When I confronted the student about the infraction, s/he claimed to have “slipped into a trance” of some kind — those were his/her words — and typed out about 500 words from the book without the slightest comprehension of was going on.
