The risk markets seem to have finished gorging on the excess liquidity supplied by the Fed in the event of a dislocation caused by a disputed national election, which never happened.

This reminds me very much of late in the year 2000 with a bubble of liquidity and a gross mispricing of risks.

Hey what do I know. I don't even charge for my blog, or sell anything, or even take ads.

I just trade for myself, as I have done since 2001, and have no job or other sources of income. Because I don't need or want them.

Watch as the appointments for this new presidential administration unfold, as actions speak louder than words. They flaunt their intentions.

Gold and silver rallied sharply today, and the Dollar fell.

Wash - rinse - repeat.   

If you lost money of any significance in this little exercise, you may wish to switch to longer term positions and stop trading. It's not going to get any easier.

These are historic times.

Stocks are getting extra crispy. Their timer is running out.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

More By This Author: