Alternative Path

[gdl]

Bitcoin now at the last 2 blowoff tops. I suspect it breaks the old spike highs since this sucker is one for the record books. Market move is in a sweet spot where a New Paradigm message is resonating load and clear. Giddy is the word i would use. All this says is that we are very extended but not if we are near a top yet. Every measure of past performances begs for a dramatic drop to wipe some of the optimism. The ONLY thing i can see causing it would be INFLATION data that has verifiable legs. Not there yet. PCE early tomorrow might exceed their expectations but that is for January, a month that already showed inflation strength. One month data isn't enough. It might cause a temporary drop but that's all she wrote.

What a 4 to 5 month run! Like the insane stance on TRUMP. The amount of lazy verification to disprove all the negative actions against TRUMP means we as a nation are fat, lazy, and love to blame everyone else for our own mess. In Germany they had decades of hard times before they embraced Hitler. What is our excuse?

Perhaps we actually have the top of the market hit at inauguration time. Crazy world. I dare anyone to list the attributes of an Antichrist without conceding Trump has them all beat. WOW! A world set on punishing itself.