Something about today's market action doesn't pass the smell test.
You have a 7% drop in oil while gold was up and the bond and the
dollar were down.....this just doesn't compute.
Additionally, the market had a very steady straight line "pop and
freeze" chart pattern; the kind of thing you see when the market
masters have some stock to sell! No saw-tooth action like yesterday
when sellers and buyers were whipping the markets wildly.
TODAY SOMEBODY HAD CONTROL....AND THEY USED IT.
THE OIL CRISIS ISN'T OVER....BUT NO ONE THINKS IT IS, I SUPPOSE.
AND THE DOLLAR CRISIS ISN'T OVER YET EITHER....IN FACT IT'S JUST
BEGINNING.
So today's market looked like it was being "managed" by the market
masters. Maybe for year end bonuses. Maybe to unload inventory.
But the action in gold, bonds and the dollar prove that "something was
up" today other than stocks.
TRYING TO BULL THE MARKET IN DECEMBER WITH SO MUCH MACRO STUFF GOING
ON COULD BE "RISKY BUSINESS!"
