Stocks and Precious Metals Charts - Dancing on a Volcano - Metals Option Expiration

Stocks managed to rally despite some weaker economic news early on.

The bulloney boys were cheery today, managing to turn that frown upside down, and the market strategists were out hawking their (be)wares.

The recession was a topic of interest, with the general line being that stocks have already discounted it and now is nearly the time to start putting that cash to work.

I would say that a recession, as concerning as it may be, is among the least of our more serious concerns. 

Keep an eye on Europe, and also on the Asian Pacific rim.

Contagion is a very serious concern given the shoddy and poorly regulated nature of our financial system.

But not to worry, after the close the Fed says that all the banks have passed their stress tests.LOL

Time to head for higher ground.

The Dollar was higher, and gold and especially silver were lower.

There will be a Futures options expiration for the metals on Monday the 29^th.

Never has so much self-serving baloney been fed to so many by so few.

And they seem to be getting better at it. Bernays would be pleased. 

Tell us lies, tell us sweet little lies.

This is going to be a memorable year.

Have a pleasant evening.

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