There were a number of significantly negative developments over the weekend.
You can read about the war in the Mideast and Ukraine for yourselves.
The AI giants are starting to buckle under the weight of their own outrageously 'optimistic' revenue forecasts and spending.
Statements were issued, and hands were revealed for those who had the eyes to see them.
So why did the markets do what they did today, that is, open significantly lower and then recover throughout the day?
For the same reason that the market insiders have been covering up the problems in the oil and gas markets for months now.
There is money to be made in a control fraud. And this one has the backing of the power elite.
The biggest stock option expiration of the year is this Friday.
One can cite evidence, and historical examples, and most people will sagely nod their heads as if they understand, and then proceed on to obsessively follow the illusion of being exceptional until they leap as a group of true believers into the abyss.
I saw this in so many heartbreaking ways in 2002. And again in 2008.
And we are about to see it again. And they will not believe it is happening until the deluge sweeps them away.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.