by Jim Rickards, Daily Reckoning:
Not surprisingly, the stock market bounced back today after yesterday’s mini-crash — the “buy the dip” theme is deeply entrenched in today’s market.
But don’t make the mistake of thinking that stocks will continue on their way to record highs. There are too many red flags to ignore, although Wall Street would like you to ignore them.
Meanwhile, yesterday’s market swoon distracted people from a major developing story that I originally planned to address: