“When everyone thinks central bankers, money managers, corporate managers, politicians or any other group are the smartest guys in the room, you are in a bubble.”
Doug Kass, Ten Laws of Stock Market Bubbles
"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."
Bernard Baruch
Stocks just ripped back higher today, led by the SP 500 futures overnight.
During the day market, the gains were led by, wait for it— tech and financial stocks. Mission accomplished.
Old bubbles never die. They are just repeatedly resurrected by the banking system and the Fed.
Gold and silver put in a nice performance for a Comex Options expiration. Let's see if they can build on this, despite any 'gut checks' that new holders of futures contracts might receive post-expiration.
This is Holy Week for Christians. The US markets will be closed on Friday.
Have a pleasant evening.
