Even I’m not crazy enough to short this thing, but good God, just look at Eli Lilly (LLY). It’s a straight blast higher, day after day, and it has a price/earnings ratio in the triple digits. Are they expecting a cure for every form of cancer in the next few weeks?
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_LLY-640x339.jpg)
As for the market in general this morning, it’s Just Another Bounce. You can see on the NQ how we’re ripping toward the same ol’ same ol’ Fibonacci. I doubt it means much except for the next hour.
![](https://slopeofhope.com/wp-content/uploads/2023/12/nqnqn-640x376.png)