from Jesse’s Crossroads Cafe:
“Washing one’s hands of the conflict between the powerful and the powerless means to side with the powerful, not to be neutral.”
“Constantly choosing the lesser of two evils is still choosing evil.”
A very quiet trading day today saw stocks drifting higher on light volumes and puffs of fast money liquidity.
Gold and silver were slightly lower on a stronger dollar.
If something occurs to trigger selling, there is so much fluff underpinning this market that we *could* see quite a multi-day selloff. It might look like a big down move, a rally back that fails to set a new high, and then a steeper decline.
I would not look for this to happen in the near term since the volumes are so light. It is more likely in late September to the end of October.