11 May 2020

Stocks and Precious Metals Charts - Stocks Beyond Bubble, a Ponzi Scheme - Option Expiration on Friday


“There's a reason narcissists don't learn from mistakes and that's because they never get past the first step which is admitting that they made one. It's always an assistant's fault, an adviser's fault, a lawyer's fault. Ask them to account for a mistake any other way and they'll say, 'what mistake?”

Jeffrey Kluger


"The narcissist looks down on everyone and exploits people all of his life. For many narcissists life is all about money and power.  Getting more and giving less is his motto."

Linda Martinez-Lewi

Stocks, particularly big cap tech, are beyond a bubble now.

Given the narrow action and volumes, and the small number of players driving it, it is more like a ponzi scheme than a bubble.

The Dollar was stronger, and gold and silver were weaker.

There will be a stock market option expiration on Friday.

How will God judge us for our willful arrogance and shameless embrace of injustice?

Have a pleasant evening.