Stocks went on another wild ride today.

The downgrade of a number of US Banks, including First Republic Bank to 'junk'.

And then there is the ongoing saga of Credit Suisse and the various attempts to pull it back from the abyss to which it has been descending.

But never fear, some well-placed rumors and stabilizing buying in the major indices managed to bring stocks back a bit with big-cap tech going well into the green.

The Dollar rallied hard to take out the 104 handle again. Euro-weakness and all that.

Gold and silver took a little bit of a trip themselves with all this volatility.

When they finally break into the light of day the shenanigans that have been ongoing in the highly leveraged, highly secretive precious metals market is going to look like a coronal mass ejection of monetary malfeasance and manipulation.

It's been a long time coming.

The VIX bounced up and then down.

Treasuries are 'trading like penny stocks' was one of the few incisive remarks on financial TV today.

The most nebulous was the bold assertion that blockchain is the remedy for our repetitive banking crises. 

Have a pleasant evening.

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