Stocks plunged again.   Oh my.

But voila, they finished up the day unchanged.

Just another stock index options expiration three card monte game.

The Dollar fell.

Gold and silver finished up all right at the end of the day.

Silver actually managed to close out the week unchanged after another wild ride.

The spokesmodels continue to babble in a fast, breathless patter of nonsense.

Groupthink will be descending on Jackson Hole next week as the Fed gathers for the annual conference hosted by the venerable Kansas City Fed.

Besides being mired in a legendary self-inflicted scandal of insider trading, the Fed has managed to engineer another financial asset bubble and soon-to-follow bust, the third such economic frankenstein since 2000.

I have heard there will be an FOMC walk of atonement into the conference hall with a rhythmically chiming gong, and a following crowd from the mid-western banks intoning, 'shame, shame'.

I'd say you can't make this stuff up, but they do. More and more every day.

Have a pleasant weekend.

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