By Yellen not ruling out a June increase in the Fed Funds rate bond markets around the world are beginning to unwind. Stocks will follow bonds down the rat hole along with Greece, China, and the Mid East.
You know all is not well when the DOW hits new highs and commodities are hitting new lows. I'm sure the slowdown in China has something to do with it but trying to export with a higher price tag favors the weaker currency competitors. So now we have too much supply whether it be oil, copper, corn, wheat, or iron ore and no one to sell it to.
In the present environment of little to no global growth I see little hope of change. Some smart world leader could suggest a global infrastructure fund where everyone chips in and everyone benefits. New roads, jobs, and a sense of global cooperation would be a pleasant change.
7.24 m shares could be gobbled up in one day. I will add to my shares, selling a breakthrough drug stock because of a increase in the float seems like a regrettable knee jerk reaction.