Stock Options Expiration Tomorrow

IMG Auteur
Published : August 16th, 2019
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Category : Market Analysis

"He who does not shout the truth when he knows it makes himself the accomplice of liars and forgers."

Charles Péguy

"To redeem creation the saint wages war on the entire fabric of creation, with the bare weapons of truth and love.   What we need is not truths that serve us, but a truth we may serve."

Jacques Maritain

"Love does not make you weak, because it is the source of all strength, but it makes you see the nothingness of the illusory strength on which you depended before you knew it."

Léon Bloy

The bulls were trying to rally stocks up today, but they met a decided lack of enthusiasm by others for their efforts.

Both the Dollar and gold and silver moved higher today, reflecting perhaps a new perception of risks that is slowly penetrating the consciousness of the markets.

Bloomberg news finally discovered gold in a positive light, now that it is among the best performing, non-single stock assets of the year.

GE, a major US giant and compoenent of the Dow Industrial average, was hammered today on the stock exchange as the famous Madoff whistleblower, Harry Markopolos, said that "GE is a bigger fraud than Enron."   Ouch!

Japan has surpassed China as the major foreign holder of US sovereign debt.   Talk about a yen to please the boss.   Client states— don't blow your budget without them.

There will be a stock option expiration tomorrow.

I have out of town company arriving this weekend.  I hope to spend time showing them around the area and doing things with them while they are here next week.

So postings may be late and somewhat abbreviated, unless something signficiant happens.

Have a pleasant evening.

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