gfp: Big down day. I should buy a few Calls toward the close but we will be out and about so I probably won't have the chance. But this volatility could be a gift to active vigilant traders. I wish I had more down time to dabble in it. Just too damn busy. I listened to Peter Schiff's latest Podcast, and also Michael Pento's Midweek Commentary and the Mcilvaney Weekly Commentary which comes out every Wednesday. The bond rally is almost over. Once we get zero or slightly negative interest rates there is no move left in the bond market but losses. No yield, loss of purchasing power to inflation, higher default risk in corporates, and eventually capital losses as interest rates eventually have to rise due to extreme weakness in fiat currencies (corresponding to a loss of confidence in the Central Banks). Up your allocation to gold and the miners. That's all I can say. And sell out of all your bonds after a few more Fed rate cuts. Go to cash if you are uncomfortable holding too much gold. But bullion will at least preserve your purchasing power. The wheels are now in motion for a full blown equity melt down, which takes down the real estate market in it's wake. We will go recessionary. It is already baked into the cake. The Fed will react as it always does....print money and buy bonds. When that has no effect it will resort to helicopter money. Look at what Japan is doing. The Bank of Japan already owns 70-75% of all the Japanese ETFs. They just printed over 100 Billion Yen on Monday and used it to buy more ETFs. They are propping up their stock market by buying stocks. The Fed will be forced to take similar outrageous steps. A Dollar Crisis is in our future. Get defensive. Ignore the CNBC talking heads. Your allocation should be 25% real estate, 10% cash, 50% gold bullion and mining stocks, and 15% in bonds (and only for a few more months). Then 65% gold bullion and mining stocks.
Market Data 
Markets 
AI
