The 'better than expected' economic numbers this morning had stocks on the bounce, but this proved to be short lived as reality seemed to intrude on the recovery fantasies of Wall Street's verkäufers zu Scheiße.
It was acceptable for stocks to dip back down to test support again, but they really must find their footing and climb back again, or risk losing hold of their channel and begin a real correction. I still think that the machers have the money, compliments of the Fed.
But with the political Federals continuing to poke the Russian Bear with sticks for whatever reasons they may have, the markets can remain understandably nervous.
I have to admit that there are many things that would not make sense to me if I do not allow for the reality of a currency war, and some unfortunate decisions on the part of the Anglo-American central banks that may have compromised the politicians in a scheme to manage the price of gold, gone horribly wrong.
And history tells us that there is no advantage that the pampered princes will relinquish willingly, without paying dearly to keep it, with other people's money and blood.
Have a pleasant evening.
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