Stocks rebounded today, although they faded markedly into the close.

Antics for the stock option expiration.

Risks remain mispriced, and the underpinnings of the risk markets are ephemeral. 

Gold and silver were smacked around into the close. 

This is not the normal action of efficient markets. 

The markets reflect the current power elite of the US, which is unprincipled, unstable, and predatory.

So take this into account as you make your short term investment decisions. Or better yet, don't make them, and take a longer term horizon.

The most important thing is that, when the time of reckoning comes, that you will not be found standing with them.

So let's see what the next, holiday-shortened week, will bring.

I remain defensive, since there are so many potential exogenous events looming on the horizon, and how capricious in their decisions that the powerful have become. 

Have a pleasant weekend. 

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