16 November 2016

SP 500 and NDX Futures Daily Charts - Option Expiry on Friday

In general, and as a rule of thumb, it is a mistake to attribute goodness and wisdom simply because they are wealthy, pretty, or successful in some narrow pursuit, like trading.

I just mention that because there are so many of the 'very serious people', who have a placemarker with their name on it at the table of the ruling elite chiming in and giving us their political views on public policy.

There are of course some notable exceptions, some that I have personally known, but in general they are few and far between.

Stocks seem overdone. Let's see where they go.

A strong dollar is not good for the real economy. But the financiers seem to like it.

Have a pleasant evening.