The markets are impossible to figure now...
Stocks down. Bonds up. Gold down. Dollar up.... Clearly the market masters are doing "what's needed" to stabilized the markets...but the macroeconomic numbers just don't lie and the entire system seems to be a house of cards looking for the point of instability that causes the final collapse...
US companies, like Ford, are downsizing big time... But is that part of the problem...or is it part of the solution...?
The big rally at the beginning of the year was touted as a sure sign that all was well... But I called it a sucker rally all along... Now the numbers aren't coming in as expected and all Hell is breaking lose.
Clearly all that "sooner or later" stuff that Greenspan used to warn about...after supporting everything that Wall Street wanted...is coming to pass...and a lot sooner than anyone expected.
There will be attempts to "control" things... Gold will be driven down hard. The dollar will be bought. But at this point there are just too few things that can be done...
Note well. Gold has been rising DURING a period of FED rate hikes! That's not supposed to happen...
And the stock market is nearing multiyear highs...on the flimsiest touting of the market masters...
A chaotic market is a market that can lurch either way...but this one appears to be heading down...
