Do not get in front of this rally on the short side. It appears to be the end of month tape painting, but the primary short term trend is still up.
If we break key supports it may drop quickly.
This 'could be' an official reflation, supported by the Treasury and the Fed, such as we saw from the bottom of the market in 2003 that provoked the housing bubble. But the economy is now so crippled that we doubt they can sustain this latest attempt to cover over the rotting Potemkin economy with paper and paint.
These fellows leading us are like a more sophisticated and polished version of Bernie Madoff, full of smooth talk, impressive results and short term gains that lead to worse problems and staggering losses.
How many times can we be fooled? How many times will the world fall for this fraudulent printing of wealth?
You are not wrong; you are not alone in your thoughts. Madness is madnesss, no matter how popular it may be, appearing attractive, clever, well-presented, and enticing in the short term.
