When I saw the shooting star on APPL last night, I knew it was all over. If the poster boy for this global fraud is poised for a drop, forget about it. We’re done.
The tidbit of market action over the past hour speaks volumes. I would note several things:
- Biden’s politically-motivated release of oil from the Strategic Petroleum Reserve had an absolutely comic effect – – it sent crude oil SOARING higher in a massive rally. Nice job, Joe. So we’ve given up precious fuel so people in the U.S. could make wholly unnecessary trips and spend a few pennies less (but in fact are going to spend MORE). Completely stupid, and just the kind of failure only possible when you get the government involved, which is populated by the least among us.
- Then the entire equity market went exploding higher, again celebrating Jerome Powell’s Second Reign of Terror. I am telling you, when they write the history about the collapse of America, that mans’ face will be on the cover of the book. He is ruining a once-great nation, one billionaire at a time.
- And then reality sneaked in once again and all those gains vanished. The market resumed its desired direction – – – down. The market will be fairly valued when it has fallen 90%, and not a day before.
I’ve said over and over, all assets are going to join hands and jump off the cliff. Gold? Silver? Crypto? Bonds? Apple? All one and the same. Ticker by ticker, true valuations will eventually seep through, and the panic will merely build on itself.
I have seen the future, and we are surrounded by death.
