Courtesy of JESSE’S CAFÉ AMÉRICAIN
I think the first leg of this correction in stocks is waning a bit as the highly overbought and complacency is being worked off, and new shorts are engaging in the market.
Perhaps another move down, while Benny’s dose of liquidity directly to Wall Street takes effect.
Excepting some event, it is hard to imagine a protracted stock market decline at this time given the artificial support that Wall Street is receiving.
The pigmen feel that they are firmly in control of both NY and Washington.
"The real collapse of our currency began when it became evident that certain industrial circles were more powerful than the government."
Adam Fergusson, When Money Dies
An Economic Philosophy That Has Completely Failed, William K. Black
‘Failure’ depends on what your objectives are. If looting for short term benefit of the Wall Street monied interests and their well-oiled Washington support system, things are working quite well.
