Another option expiration Friday was over. How dramatic it was has proven the US stock market is very messed up. A recycled old story from a ethically questionable newspaper on what Fed is going to do, together with a completely timed statement made by a Fed governor right around market open, tells you that the Fed is extremely scared of a market crash …
So they only want orderly selloff down to whatever level they like, yet a crash is not allowed. Interesting magical thinking from an institution that does not know what it is doing.
For those of you who do not understand why Switzerland’s use of the swap line with Fed is a big deal, watch this video. The financial system has already broken given what happened to Switzerland must be extremely damaging. It tells us that it is just a countdown to even more troubles ahead.
Here is a great video giving you an overview of three large macro hedge funds’ takes on the current investment environment.
An interesting take on gold stocks and the big names in the stock market. The discussion on the lack of real exploration for precious metal is indeed a big issue.
Am extremely busy getting all kinds of things done this week.
Have a great weekend all!