I await your better news! I could use some.
Though the price action sucks, the fundamentals are terrific. The crooks are indeed powerful having bought off the politicians they have a free hand to steal, cheat, manipulate and thumb their nose at honest people. Its there for all but the blind to see.
This looks to me like the last desperate moves of the outgoing administration. It smells of late window dressing so that if the new guy does in fact inject a bit of honesty into the markets, the first few months will look very bad to the old goldilocks crowd and tallking heads. Bad for the $ and the curtain will be pulled back of a decaying economy.
Of course the rot in the economy is the result of multiple infections that were injected in the klintler administration then extended and abused beyond comprehension by the shrub administration. 16 years of corruption and greed. Absolute power corrupts absolutely.
Having spent over 30 years in the pm markets I have enough scars to hang in there in spite of the anger and frustration. After all the manipulation and corruption are so obvious now, who wants to be associated with it? There is a chance that it will change somewhat in the coming months. If it doesn’t I believe that bugs, such as myself, will give up on the stocks and just go to 100% physical.
That may hurt the paper crowd more than they imagine.