Stocks have continued to maintain their lofty valuations and severe underestimation of risk.
I have stopped thinking of this as a mania, and rather as a conscious effort to accelerate the transfer of wealth to the power elite by pumping up certain financial assets, resulting in the general diminishment of all the rest of the assets under the Dollar through a stealthy, pernicious inflation.
It is a hidden tax on the working public. The AI Bubble. It is not the result of a well-intentioned policy error, or animal spirits, but a lack of character for the sake of personal gain.
Gold and silver were hit particularly hard today in the aftermath of the Comex contract option expiration yesterday, as I suggested would happen. They don't even bother to hide their lawlessness anymore.
VIX is near six-month lows.
The Dollar continues to chop around in a well-managed trading range. Which of the currencies in the DXY index basket can stand on their own?
I am expecting a severe resumption of hostilities in Europe and the Middle East as a result of the lack of moral and principled leadership amongst Western leaders. They are corrupted by money and fear. And they will sit down to a banquet of consequences.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.