Replies to post #227098 on SPDR S&P 500 (SPY)

[risk on]

Agree, he bet big short when SPY dropped to 208s just prior to election, and was on CNBC screaming about the end of the market as we knew it

[Pro-Life]

It's worth noting that this market is the most distorted possible for years... Many speak the same tune: The market and the dollar have topped and its' signal is seen in the bond market which has topped. To quote one of the sharp minds on the state of affairs in this country:

Stocks lurched; up off their sickbed today in a show of fleeting strength. Dow Industrials climbed 186.55 (0.94%) to 20,071.46, and the S&P500 floated up 16.57 (0.73%) to 2,297.42.

Mercy, mercy, I am not convinced. Here's the Dow chart, schrts.co/Q6KUW0 and here's the S&P500, http://schrts.co/vtdPMb

Blind distruster of overinflated, overvalued stocks that I am, I can see -- Heaven help me! -- only trading back and forth in a megaphone top, now rousing with seeming strength, now falling in a faint, spending energy and buying power until emptied of all, it fails.

Just to demonstrate that stocks have peaked & begun declining against gold & silver, behold this chart of the Dow in Gold, schrts.co/8Sv0tc or the Dow in Silver, http://schrts.co/ohwLZP All my commentary would be merely gilding those lilies.

Little update on interest rates: they're still rising, wrecking Zero Interest Rate Policy & Negative Interest Rate Policy as Mother Market wallops Mother Yellen & Pappa Mario. And rates are not rising in the US alone, but all over Europe, leaving criminal central bankers sweating bullets and gobbling caviar & swilling fine wine to forget.

Y'all do get the import of higher interest rates, right? For 35 years the Fed (& others) have been suppressing interest rates. That's the reason the world's economy is in this mess. Once the market lets go that rubber band that has stretched so far, it will sting every arm it hits.

From the MoneyChanger Friday, 2.3.2016 via e-Mail...