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Mark Gongloff

Markets Make No Sense, So Have Some Hertz Stock

Anything goes these days.

Sometimes you’ve just got to smack your forehead.

Sometimes you’ve just got to smack your forehead.

Photographer: TIMOTHY A. CLARY/AFP/Getty Images

Corrected

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Last week this newsletter suggested the stock market was just not going to make any sense for a while. One reader replied I simply don’t understand “market psychology.”