CGZ2017 - Must go higher
Updated
Consider the following in the context of really bad stuff happening.
Of the two events that could possibly cause a market move to risk-on action, which one SHOULD be more ominous?
a) The democratic process works itself out and Donald Trump is elected President of the United States.
b) A despotic, Marxist, dictator accelerates both his country's nuclear weapons program, simultaneously making advances in ballistic missile technology while making existential threats to neighboring countries.
Judging from recent price action, there exists a complete market disconnect from reality. Rest assured, that wretched hive of scum and villainy comprised of market makers, brokers, and investment banks will come crashing down. Everything they've propped up, every tout, every rally, for no solid fundamental reason whatsoever, will dance with destiny.
-Prepare yourselves-
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, “biblical”?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath-of-God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies. Rivers and seas boiling.
Dr. Egon Spengler: Forty years of darkness. Earthquakes, volcanoes…
Winston Zeddemore: The dead rising from the grave.
Dr. Peter Venkman: Human sacrifice, dogs and cats living together – mass hysteria.
Of the two events that could possibly cause a market move to risk-on action, which one SHOULD be more ominous?
a) The democratic process works itself out and Donald Trump is elected President of the United States.
b) A despotic, Marxist, dictator accelerates both his country's nuclear weapons program, simultaneously making advances in ballistic missile technology while making existential threats to neighboring countries.
Judging from recent price action, there exists a complete market disconnect from reality. Rest assured, that wretched hive of scum and villainy comprised of market makers, brokers, and investment banks will come crashing down. Everything they've propped up, every tout, every rally, for no solid fundamental reason whatsoever, will dance with destiny.
-Prepare yourselves-
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, “biblical”?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath-of-God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies. Rivers and seas boiling.
Dr. Egon Spengler: Forty years of darkness. Earthquakes, volcanoes…
Winston Zeddemore: The dead rising from the grave.
Dr. Peter Venkman: Human sacrifice, dogs and cats living together – mass hysteria.
Note
A much grander pattern may yet be in play. Look for more momentum to the upside. I will post something shortly under a new title.
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