The only monetary notion that matters much in the industrial age is what specie Oil is exchanged against……..and the US military machine will make certain that remains the USD………..for years to come…….wake up and smell the warheads baby!
Call me when the black gold runs out bugs, then I'll jump on board with you cockroaches…..
As far as the equity market goes, here again, it's all about the Oil.
New highs? In the face of vanishing GDP, contracting earnings, and zero net job growth……this I've got to see…….and don't give me that nominal QE induced reflation trade meme……oil creeping back up towards $100 keeps a firm lid on that pathetic “printing your way to prosperity” scam.
$130 oil, $20 chickens, and $10 Pop Tarts…..in a slowing global growth environment to boot…….you can't be serious……..print baby print……..common Benny I dare you……make my day……
An economy that has been primarily based on consumption fueled by bogus debt creation for the past 25 years will not stand…….the free ride is over…….end of the line…….same as it ever was…….
Nothing really matters much now; it’s doom alone that counts…………
P.S.
I am working on what will be an "all in or go home" Evil Plan, it will be released next Sunday. I believe this week will be relatively quiet again, with more sideways chop to slightly upwards drift. From what I can see, many trapped Bears have "throw in the towel" stops set around 1425-35, and my guess is that the algos will hunt those down this week.
BDI SOH's Idiot Savant
