Weighed and Found Wanting - Stock Market Option Expiration Tomorrow

IMG Auteur
Published : February 22nd, 2020
305 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

"Do you not know that to whom you give yourselves as servants, their servants you become, whether servants of a corruption unto death, or of a righteousness unto life?"

Romans 6:16


"You are of your father the devil, and your will is to fulfill your father's desires.  He was a murderer from the beginning, and does not stand with the truth, because there is no truth in him.  When he lies, he speaks from his own character— for he is a liar and the father of lies."

John 8:44

Stocks declined hard about 11 AM today.

There was a strong print on the Philly Fed that had stocks rallying.

But the headlines from China and other regions showed, at least to the ever observant algos, that the current narrative of the elites about this coronavirus is so much wind.

It may not be the Spanish flu, thank God, but it is a major exogenous force that should not be ignored.

I strongly suspect that Trumpolini and his Merry Pranksters, along with the usual serial felons on Wall Street, are  propping up the market, because this is his premier accomplishment.

Do you think that he or his minions would hesitate for one minute to do this? 

It is a bubble, and now a veritable ponzi scheme.

The Fed and others are complicit in this, for the obvious reasons of cowardice and greed.

At some point the stock market is going to dump, and hard.    Much worse than the fourth quarter of last year, at which time the Fed kicked in billions of 'not-QE.'

I suspect the usual suspects would like to string this out until after the November election, but I don't think they can do it.

And so we have a quiet flight to safety in gold, and to the Dollar. 


Have a pleasant evening.








<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Boomer Elegy
04 AprGypsy
Good Grief James ! You and I are of the same generation, lived absolute opposite lives yet ~ almost ~ came to the same conclusion. I was raised Ba...
Ayn Rand's Hymn To Money
02 Aprgfs543
Thank you, Professor Fekete, for an outstanding tribute to honest money.
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
26 MarJ.
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that,...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
22 Marrokdok25
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry...
Things Have Changed
18 MarMr. Gnawbone
I enjoyed this article JHK, I been long expecting and have lived a full and beautiful life, but I raised my children to prepare and they are doing ...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
16 MarJ.
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the ec...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
15 MarThemis0
I suspect Hillary, or her clone, is waiting in the Dem wings.
Like WTF? Gold Crashes with Stocks!
15 MarThemis
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS