Stocks managed to put together a bounce today after the steep sell-off from earlier this week.

That in turn was the consequence of a parabolic move higher which was targeting the very large short position in the SP 500.

The capital allocation system in the US has been co-opted, and broken.  

This will end badly. And the jokers running the show do not care. At all.

Gold and silver took a hit in the futures but recovered much of it in the miners.

The Dollar recovered what it gave up yesterday.

VIX continues to drift lower.

Have a pleasant evening.

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