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JUN 09, 2014 - Zero Hedge

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The New Record High S&P Normal In Two Headlines

As we pondered the new normal and the disappointed anchors on CNBC this evening noting that we did not hit S&P 2,000 or Dow 17,000 (but there's always tomorrow); two headlines crept across the Bloomberg feed that could not have been more perfectly timed representatives of the new normal record highs in stocks: *COVANTA CUTTING JOBS *COVANTA TO BOOST CASH DIV TO 25C-SHR FROM 18C, EST. 18C Here's a tip for management: as a cost-cutting initiative, maybe don't spend 'cash' on buybacks at record highs and invest in productive assets, instead. Of course, that's silly-talk in the world where ... Read More

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