Stocks were weak most of the day.
After the bell memory company Micron Technologies beat its numbers and gave good guidance, which sent the stock price rocketing higher.
This in turn lifted in the major indices from the red into the green.
This is a mania.
Gold and silver were hammered again today, ahead of the option expiration for the precious metals futures on Thursday the 25th.
The Dollar edged higher.
VIX fell.
Où sont les neiges d'antan? Where are the snows of yesteryear?
This is a bubble top and the beginning of a bear market.
It lures traders in, chews them up, and spits them out.
Nothing has changed.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.