Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The unbelievably benign state of the market was underlined this week by its generous reaction to bad news from Cobham (COB). On good news shares go up big time. On bad news, these days, shares just go up.
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