Selling in the London and NY paper markets is being met by determined buying. Today was another record high close as the bear raid was 'stuffed.'
The equity markets are being managed higher on thin volumes led by the SP 500 futures.
“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny