Seriously, how can people not see this huge discount? Is it shorts? I notice there is light volume so where the hell is this squeeze? I'm starting to get impatient- I know its too soon, but it should atleast be holding on to minimal gains with no good OR bad news out.
Haven't you heard? This market is owned by skynet and the MM's. Logic means nothing. Only ensuring the Janitor at GS gets his $1,000,000 bonus at the end of the year. Who do you think pays for that? You do and I do. You have to play there game...they own it and make the rules.
It's just short term investors jumping out after making good gains from the bottom. General overall market sentiment has changed. Now that Greece has settled, earnings are over, there is not a catalyst to go forward until a pullback in the market. There is tons of money that is leaving the bond market and sitting on the sidelines waiting to be put to work in stocks with better entry points. Relax, don't worry about DMND. You can't time when the new revised numbers will be released.
Step away from your computer screens, get outside and chill. The market wants and needs to go higher after a short respite.