"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident."

Charles H. Ferguson 

 Stocks were in risk on, rally mode today. 

And once again that brisk exuberance faded in the afternoon.

This is not constructive action for the bullish case.

That is not to say that the bulls are not overstaying their welcome in a mispriced risk bubble— but they checked with their Financial Advisors and received a dispensation to 'remain fully invested.'

Gold and silver edged higher just a little as the Dollar gave up some ground.

Theresa May won the confidence vote of her Conservative Party, 200 to 117. Well, the good news is that she can remain as the PM. The bad news is that with a vote like that from her own party, good luck with trying to get any kind of a Brexit resolution adopted in the broader Parliament.

But no matter. For today the pundits have declared that they indeed see daylight, dead ahead.

There was intraday commentary about the 'yellow vests' protests in France posted here.

Have a pleasant evening.
 

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