Bear raid right on schedule for Comex option expiration week, after they ran it up to the stratosphere.
Look out for Thursday expiration and Friday when Benny will be expected to say something on the easing front.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot