A key event this weekend, among many geopolitical events I should add, will be the vote on the latest Brexit plan in the British parliament.

Stocks were wobbly again today. The Dow Industrials led the charge lower, fueled by Boeing and Johnson & Johnson.

The results that Netflix announced finally sunk in, and today it gave up all the games of the week.

Smells like teen spirit, all around.

Mike Mulvaney said some things yesterday, repeatedly and in public, that pretty much put the fork in the Trump Administration's narrative about a malign and cynical abuse of US foreign policy. It's all over but the lying, and stonewalling, and the histrionics.

And on the other hand, someone should put a fork in Hillary. Her continued rantings about being thwarted by Russian agents everywhere is getting to be too much, too sad to watch, even in a former Goldwater gal. The proud and verbally acute can never seem to accept responsibility and blame themselves for their own failings. And so they invent enemies and conspiracies...

How are the mighty fallen.

I think the markets are going to break, one way or the other, out of this consolidation pattern. It is not clear to me which direction that may be.

The patterns are ambiguous enough that I would rather lay back and let the markets inform us, rather than trying to predict which way it will go by imposing some system on it. Perhaps some others can do this. I cannot.

Although I am still fairly persuaded that we are going to get a major break in the market, near to or exceeding 20%, between now and next July. There are a number of reasons for this, but most of them revolve around the theme of appearance vs. reality.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery. And we are certainly not there yet, by a long shot.

The US is a thinly disguised oligarchy, and lying and cheating are not only rewarded, they have become fashionable as long as one does not get caught.

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