Stocks were in rally mode today on a most likely false optimism about the progress of a truce in Ukraine.
Rising rates, inflation, global pandemic, supply chain breaks - meh.
At least for today. The wash and rinse must flow.
Gold and silver were brazenly hit again this morning, in the familiar day after option expiry smackdown to dislodge all those new holders of April metals contracts.
They are no longer subtle, not bothering to even disguise their blatant manipulation of markets.
Stocks were on a tear, managing to take out another level of failed rallies from the past.
Bully needs to make a new high. Or all that has failed thus far is going to be just a warmup.
Bitcoin managed to go higher, which makes sense given its positive correlation with the equity bubble.
The dollar fell.
Maybe I should just keep making money and play dumb and say nothing, like so many others.
It's sad to see how many have given themselves over to the madness and blithely skip along towards the abyss.
And the beat goes on.
Have a pleasant evening.
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.