Stocks And Precious Metals Charts - The Crash Of 2020

"Things are going to be getting very real this year, even as some continue to deny reality, to an almost astonishing degree of self-absorption and denial. What is it going to take?" - Jesse, 27 February 2020

"Now is a good time to prepare, if you have not already done so, and to begin engaging in those simple procedures that may help us weather this."- Jesse, 28 February 2020

"This is going to end badly. Big changes are coming. What has been hidden will be revealed.Rough seas ahead, mateys." - Jesse, 22 January 2020, I See It Coming

The market crashed today, or at least put the finishing touch on the first phase of the crash of 2020.

As you may recall I have been talking about the significance of this year, specifically the period before July, since 2018.

And away we go.

The Fed is coming in with the money spigot flush open tomorrow, to try and save the debt markets from locking up, thereby seizing the financial system.

I hope they succeed, at least temporarily.

The Fed is coming in slinging money today and tomorrow, and the pundits are talking again about the V shaped recovery and buying up these bargains.

This is not over yet. It will not be until the virus has run its course, and the economic impact has become known.

But the Merry Pranksters of Wall Street are rarely encumbered by conscience or shame.

I saw something remarkable today. They were emptying the shelves at the local grocery stores. Not the usual bread-milk-water storm provisions. No, they literally emptied the meat and poultry sections and the restocking from inventory as well, before 2 in the afternoon.

It looks like El Presidente shook up his comfortable Republican constituency last night. No one was saying 'media hype' today.

Ironically enough it appears that he was exposed to an infected person, but is not concerned enough to take a test. I'll bet Melania is not so blasé about it, especially with regard to their son.

Have a pleasant evening.

(Click on image to enlarge)