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A Treacherous Celebration Trend

When I originally typed the above headline the word I used was treasonous, not treacherous. The only reason why I changed it was I decided to include two other examples that make up the implied “trend.” Although they may not be as classifiable as the first, they are bringing to light for all intents and purposes an alarming situation that can’t be ignored by any self-respecting person of law, order and trust.

Let me be clear: This has nothing to do with party affiliation. This has everything to do with what we believe is the system of government we live under – and – do we have laws, or do we not? Period.

Here’s the first…

Regardless if you like the President or not, it doesn’t matter. In his position (again, I don’t care who, this applies to all of them) the president is the “Commander in Chief,” directly in charge of all military personnel and where they are deployed.

That is not an arguable statement. That is the primary job and he/she has unquestionable authority, full stop.

To intentionally do anything contrary to what the president says, or, to mislead him/her by intentional omission or some of form of skullduggery, where the positioning of troops in harms way could result in death or potential international fallout. It would (and should) be called: Treason.

And yet… To wit:

James Jeffrey—who is retiring from his posts as the Special Representative for Syria Engagement and Special Envoy to the Global Coalition to Defeat ISIS — reportedly said that “shell games” have been used to avoid telling U.S. leaders the true number of American troops in Syria.

“We were always playing shell games to not make clear to our leadership how many troops we had there,” Jeffrey said, according to Defense One

Jeffrey reportedly said that when President Donald Trump was interested in withdrawing from Syria, arguments against a withdrawal were presented to the commander in chief.

“What Syria withdrawal? There was never a Syria withdrawal,” Jeffrey told the outlet. “When the situation in northeast Syria had been fairly stable after we defeated ISIS, [Trump] was inclined to pull out. In each case, we then decided to come up with five better arguments for why we needed to stay. And we succeeded both times. That’s the story.”

Alex Nitzberg – JustTheNews.com Nov. 15, 2020

Now some might be thinking it’s more sedition than treason. Fair point, but to me, it’s not far enough away from my original premise to argue other than semantics. The reason being is that if those troops are found to be aiding another countries position, whether intentional or not, than what is transpiring by dint is something akin to aiding another country without the president’s knowledge. i.e., Someone is subverting the president’s will and orders via using U.S. troops to fight their own scheme for war that may involve aiding another country. Again, whether voluntary, involuntary, or not. It doesn’t matter. That decision resides solely with the “Commander In Chief.” Once again, period, full stop.

The idea that some “Envoy” appointed by the president feels comfortable not only bragging about such a clearly troubling revelation, rather, it was done openly bragging and on the record as to be printed in the press! This is what I find so shocking. It should also shock anyone else, regardless of political affiliation, not to mention anyone with a son, daughter or other family member serving.

At a minimum, if what this man says is even partially true: He should be arrested by whatever the proper authorities and face trial in either a military or civilian court with the possibility of prison time, financial litigation or both for any military service members death or injury.

To me: This is not only repugnant, but way beyond the point of dangerous. I am of the opinion this can not be left to stand unanswered.

I said there were two other subjects I wanted to add, so here they are. The first…

It has now become apparent that indeed the Pfizer™ announcement was held back till after the election as to not give Mr. Trump any credit before the election. Again, no matter which side of the aisle you’re on, this is a despicable act by a corporation that was paid $2Billion to fast track a vaccine while also removing other barriers to speed up that process known as “Operation Warp Speed.”

The damning issue here that’s been reported is not only did the company say it was not, but then had to “clarify” their statement (i.e., see definition of: got caught lying) to say that in fact, yes they were.

Here’s how even the very unfriendly to the Trump administration NYT™ called it out. To wit:

Pfizer has distanced itself from Mr. Trump and Operation Warp Speed. In an interview on Sunday, Kathrin Jansen, a senior vice president and the head of vaccine research and development at Pfizer, said, “We were never part of the Warp Speed,” adding, “we have never taken any money from the U.S. government, or from anyone.”

On Monday, a spokeswoman for Pfizer clarified that the company is part of Operation Warp Speed as a supplier of a potential coronavirus vaccine.

Although it’s true that Pfizer and BioNTech had been working on a vaccine all year before the companies struck their deal with the U.S. government in July, a $1.95 billion deal is nevertheless a significant incentive to keep going.

“Was the Pfizer vaccine part of…” NYT Nov. 10, 2020

Now the above can be regarded as stupid people doing stupid things because they think they’re so smart and will benefit both politically and monetarily by doing so. Or, said differently: They’re shameless liars that’ll do or say anything for a buck if they think it benefits them. This class of “executives” is some of the worst.

Think I’m being harsh? Fair point. Did you see the CEO of said Pfizer sold $5.6Million worth of stock the same day they unveiled the results? But not to look into this because this is now being argued as it was all set up ahead of time. i.e., see definition of “coincidence” in Merriam Websters™, I’m sure they’ve updated the definition by now from scandalous to coincidence.

And since we’re on the idea of timing. Let’s not forget the good doctor that changes his prescription for Covid about as often as I change my socks. e.g., Dr. Fauci.

There was a time where one could argue that “When the facts changed, he changed.” as one would reasonably argue was a good trait in any doctor. But this guy has now moved into the outright political partizan hack. And as of this moment I don’t know if the good doctor himself shouldn’t be brought up on similar charges as I alluded to in the opening segments. The reason?

This man has all but single-handedly given aid and comfort to the ludicrous idea that the U.S. economy was his play toy to experiment on. i.e., Mask on, Mask off (Sung to the “Clap on, clap off!”® jingle) followed with “shut down, open up.” (sure, it can be sung that way to.)

But that’s not the insidious part.

It has now been reported as the same Dr. Fauci is just about trampling over anyone in the way of him mugging a camera, microphone or keyboard to tell everyone that even with a vaccine – we’re basically all going to have to be under “his” guidance indefinitely. i.e., Mask on, social distance, probably indefinitely.

But take comfort in the idea as to forget about any of the economic pain – for when it’s completely dead under this man’s guidance – then we can all be happy together in poverty. Except him you see. He’ll still have all his, maybe even more. But then again, isn’t that they way it always seems lately? But I digress.

I find it quite telling as it has now been reported everywhere that it is this same Dr. Fauci that’s praising the incoming Biden team while bashing Mr. Trump (as he still serves under Mr. Trump) that received the Pfizer vaccine news before any of the current (i.e., Trump administration) government health officials. That would include him, would it not?

And now that a supposed “vaccine” that was both developed and paid for under the current administration, that he still works for (however you clarify “work.”) You would think this would make someone like him that was tasked with helping bring this to realization would be furious that everyone involved basically went around both him and the president, no?

No. And that tells one all they need to know. He’s a political, partizan hack with a medical degree. Again, to me, there no difference between him and a snake-oil selling witch doctor, because both of them have the same inherent feature…

Taking either of their prescriptive methods can garner the same results: Death of the body, or an entire economy. Diagnosing which is worse is just a matter for semantics, because the results are the same.

To reiterate: It doesn’t matter if you’re a republican, democrat, independent, penguin, whatever. This has to do with what’s right and what’s wrong. And this is far beyond just the classification for what’s wrong with things – this is now off the charts horrendous behaviour that needs to be called out.

© 2020 Mark St.Cyr

Maybe It’s Just Me, But…

Call me a conspiracy theorist if you like (oh wait, the entirety of the mainstream media has already done that so, never-mind) however, there seems to be a pattern re-emerging that’s a bit difficult to just simply ignore as random.

It seems to be just a bit particular that the moment any “not government approved protest or celebration” takes place is precisely the same time a sudden “We’re all going to die because Covid cases are on the rise! So get ready to shelter in place, close everything down and more!!” appears. All this because some doctor that’s changed his or her position more times on Covid’s lethality than I change my socks is on the television saying so. (Paging, Dr. Fauci…)

For me: This is all getting just a bit too hard to swallow anymore.

You’re seeing it in France, U.K., Hong Kong, U.S., __________(fill in your own here) at precisely the same time, when only days prior, many of these same places were returning to some idea that some sort of normalcy was right around the corner. Maybe a vaccine? Oh, yeah! Looks like we got that!! Oh wait, that now seems to indicate lock downs more substantial, and for longer, starting at any moment.

See what I mean?

It’s not like I’m saying Covid is some form of hoax. I get it. However, as I keep reminding people I have discussions with pertaining to the lock-downs and the survival of their businesses in the wake of all this medical tyranny. The same question keeps coming up again, again, again and again. And that is…

Where are all the mass graves, 24hr running crematories, bodies in the streets and more that this type of economic suicide was told/sold to us, which warranted such a response to begin with?

And now we’re being ordered to expect we are more than likely to do it again?

Something stinks – and it ain’t just the laundry.

© 2020 Mark St.Cyr

F.T.T.W.T.K.

(For Those That Want To Know) what I’m watching.

As I’ve stated on the show these past few days when it comes to the “markets,” I no longer have any interest in trying to anticipate, speculate or any other analysis pertaining to them. The reason is pretty simple as I’ve now seemed to have explained ad nauseam:

There is nothing left to explain except they are in fantasy land, and will remain there, until they are not. Period.

Yep, that’s really about it. Personally, I’m actually quite relieved, however, not for the reasons most might think. In actuality the more these “markets” remain in “Loonyville” the more problems it’ll cause once the hopium crashes. But until then?

It is what it is – because – it is what it is. End of story.

Now for those that might be wondering what will get my attention drawn back, here’s an updated chart of the one I’ve basically been using that I’ve cleaned up, re-annotated, and put a few different lines or boxes. It basically speaks for itself. To wit:

(Chart Source)

If the “market” remains above that box between now and the end of the year, all I can say is: Enjoy the ride. Why?

The bastions of hopium, lunacy and fantasy have coalesced into quite the reality altering cocktail that would make any of the characters in Wonderland ask “Geez…what are they smoking?”

Or as any of my favorite Looney Tune® characters might say, until then…

“That’s all folks!”

© 2020 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.

When Hair Splitting Is Warranted

There’s an old saying that goes along the lines of “Not to be splitting hairs, but…” Its intent is to bring back into the conversation a bit of reality to those that may be getting ahead of themselves. In other words – yes, it sure does look that way, but it is not finalized, as of yet. e.g., U.S. presidential election.

A general comparison would be a deal made between two parties, yet, the contract has yet to be signed. i.e., It is not a “done deal.” Anything can happen, and usually does. Here’s an example…

If you go around saying you just purchased the Brooklyn Bridge, even if you gave the other party the cash in advance, you’re going to look pretty foolish if you start constructing toll booths to enhance your “purchase” before any legal deed is officially signed and filed.

Which brings me to today’s splitting of hairs.

Currently Mr. Biden is the presumptive winner of the presidential election – not the declared, certified, legal winner, again, as of yet. Some may think this semantics, but I remind you to go back to my Brooklyn Bridge analogy, because it fits. i.e., Until you have the deed – you’ve got squat. Regardless of what you or anyone else claims. Period.

The issue here is that it’s dangerous to go about articulating exactly what you’re going to do, along with your now presumed powers to enforce them, and not yet have said “deed” in hand. People, businesses, governments et. al. will react and move in accordance to what they believe is an assumptive reality based on the illusion “Well, if he’s saying it, it must be so!” Even if it’s not.

Here’s why I’m saying this…

Currently, Mr. Biden himself has taken the notion that the media is the arbiter of the election, not the certification process by the electors as mandated by the constitution. He may very well be the “president elect” after the process of legal challenges run their course. But (and it’s a very big but) until then he is “The Presumptive President Elect.” Not the other.

The idea of the “President Elect” going around making statements about how legislation and more was going to be enacted as if they were the current president was never seen until Mr Obama in what, at the time, seemed like an orchestrated rush to nullify then president, G.W. Bush.

Every time Mr. Bush had a press conference (which was a lot because of the then financial crisis) Mr. Obama made one with a matching podium and presidential seal. The only difference was if you looked close you would see the word “elect” was inserted.

Never before was anything like that seen. The only difference between then and now is Mr. Obama was the certified winner, not presumptive. And as long as that was the case, even if it was unseemly, one could still argue that he had the right. Mr. Biden as of this moment does not. And it’s not just unseemly, I believe, it’s downright dangerous to claim to the world at large you are the declared, certified winner of the most powerful office in the world – and yet there’s no signed deal.

Again, you can be republican, democrat, independent, penguin, whatever. It doesn’t matter. This is not the time to be playing “Fake it till you make it.” And right now to claim it while the process is still playing out is not just wrong, but as I said: outright dangerous.

Here’s why I make the following argument. To wit: (non-working screen shot)

(Non working screenshot via Twitter™)

As you can clearly see in the lower right hand corner it states “Office of the President Elect” and is now present everywhere Mr. Biden makes a statement. Again, you may think I’m splitting hairs, but to that I would ask only one further question…

I still have some wonderful ocean front property in KY I’d love to let you take off my hands super, super cheap. Cash only because it’s such a great deal.

Interested?

© 2020 Mark St.Cyr

When Credibility Crumbles

I would imagine many are being inundated with requests from friends and family to explain to them just what is going on in regards to the presidential election here in the U.S. For those that want to know how I’m viewing it, as well as answering, here you go. To wit:

Whether you’re a Democrat, Republican, hate Trump, love Biden or vice versa all I’ll ask you to consider is this: This is the same mainstream media that declared to the world, for four years, they had proof that the president was in collusion with Russia. And when it came time to prove it – they were proven to have not a shred. And now it is this same media claiming it is they that have the unquestionable authority to state who is president before the actual lawful process concludes – regardless of the results.

They can declare all they want, but anyone with more than two brain cells knows this type of declaration making is not only fools folly, but outright dangerous to any remaining credibility of said press. That is…

If there is any at all.

© 2020 Mark St.Cyr

Idiocy Cubed

Over the years I’ve now become resolute in holding the conclusion: the so-called “smartest people in the room” when it comes to economics, monetary policy and more – are those that staunchly oppose venturing into said “room,” for fear the permeating idiocy wafting unimpeded would be more dangerous to their mental faculties than deliberately walking in front of a moving semi.

It is absolutely dreadful what is touted as “insightful.” The evermore frightening aspect to the above is much of this monetary, economic policy dogma is then inflicted on a populace with disastrous results, while they are unaffected. i.e., Their salaries, pensions and more remain intact, regardless.

What adds further insult to injury is their speaking fees and venues to blather more of this idiocy to a group of political sycophants with the power to enact also grows. Halloween may come once a year, but the horrors this group can inflict on a global scale makes thermonuclear war appear like child’s play.

Today, we are, once again, being bombarded with the idea that not only is MMT (modern monetary theory) the way to go, but also the perfect vessel to bring it to us. e.g., Stephanie Kelton.

Ms. Kelton in now considered among the intelligentsia set as a “rock star” when it comes to economics out of her frequent cable news appearances as one of Bernie Sanders top economic advisers. The issue is not with her affiliations or “rock star” status, my issue is with her theory, MMT – for it is nothing more than gobbledygook for enhanced mental masturbation to the intelligentsia class.

Let me make this one point, which is the most relevant to any and all economic theory, that lays waste to any and all comers like the Sword of Damocles: Once this theory meets the cold reality that a people, country, __________ (fill in the blank) deem it as a con and want some other form of payment than what this theory bases itself on – it falls apart in toto, rendering all it’s so called “hypothesis and theories” to the trash bin of history with immediacy. Period.

What everyone (especially this so-called “smart crowd”) seems to forget is the very simple fact that where we are currently in regards to currency, reserve status and more is based entirely on confidence. That’s it.

In this world currently known as “fiat dominance” all it takes in just one, repeat, one debt holder to no longer hold your form of payment as “acceptable” and the entire charade collapses in a manner that would make Charles Ponzi wince.

Think that’s hyperbole? Fair point, so lets use just one small example and see how it may work out in a real-world environment, shall we?

China demands all future trade to be settled in, oh, let’s use Euro’s, because the Renminbi (i.e.Yuan) is just too easy. Let’s also say to back up this “idea” that China begins selling U.S. Treasuries en masse and converting them into, oh I don’t know, let’s use some other new and improved version of lunacy say, 100 year Euro bonds, tit for tat. What does one contemplate will happen next?

Now I can hear some of you right through my screens yelling “They would never do it, besides, there aren’t enough to replace that magnitude so quickly!” Fair point, here’s the problem – all one has to do is openly get the ball rolling in earnest. i.e., just actually start. And – it’s all over.

The Federal Reserve could turn around and buy all the Treasuries, stocks, bonds, ________(fill in the blank) it wants. But it wouldn’t matter, because outside of the U.S. – they wouldn’t be worth dog crap. And the more they bought, the faster the progression from dog sh#t, to cat, to mice, to amoeba. Remember: If printing your currency to prosperity truly worked – Venezuelans would be eating caviar daily, rather than searching for their pets or escaped zoo animals for sustenance.

Oh yeah, lest we forget, it’s this same crowd that held up the policies of Venezuela as “proof” that their theories worked – until they morphed into what we see today. Now you’re more likely to find these clarion callers on the back of a milk carton rather than in public touting their prior slobber. Paging Mr. Stiglitz. Mr Stiglitz? Bueller?

Again, if you think any of the above is either harsh, or not criticism worthy? Let me expose to you what happened with another Nobel Laureate for economics, Paul Krugman.

In an interview at a NYT™ conference he made the following statements. Below are a few pull quotes from an article by Michael Hirsh at Foreign Policy™. To wit:

Paul Krugman has never suffered fools gladly. The Nobel Prize-winning economist rose to international fame—and a coveted space on the New York Times op-ed page—by lacerating his intellectual opponents in the most withering way. In a series of books and articles beginning in the 1990s, Krugman branded just about everybody who questioned the rapid pace of globalization a fool who didn’t understand economics very well. “Silly” was a word Krugman used a lot to describe pundits who raised fears of economic competition from other nations, especially China. Don’t worry about it, he said: Free trade will have only minor impact on your prosperity.

Now Krugman has come out and admitted, offhandedly, that his own understanding of economics has been seriously deficient as well. In a recent essay titled “What Economists (Including Me) Got Wrong About Globalization,” adapted from a forthcoming book on inequality, Krugman writes that he and other mainstream economists “missed a crucial part of the story” in failing to realize that globalization would lead to “hyperglobalization” and huge economic and social upheaval, particularly of the industrial middle class in America. And many of these working-class communities have been hit hard by Chinese competition, which economists made a “major mistake” in underestimating, Krugman says.

It was quite a “whoops” moment, considering all the ruined American communities and displaced millions of workers we’ve seen in the interim. And a newly humbled Krugman must consider an even more disturbing idea: Did he and other mainstream economists help put a protectionist populist, Donald Trump, in the White House with a lot of bad advice about free markets?

To be fair, Krugman has been forthright in recent years in second-guessing his earlier assertions about the effects of open trade. He has also become a leading and sometimes harsh critic of his own profession, especially in the aftermath of the financial crisis and Great Recession, when he declared that much of the past 30 years of macroeconomics was “spectacularly useless at best, and positively harmful at worst.” 

(Source)

I encourage you to read the entire article for yourself, while I also believe the above pretty much tells one all they need to know. i.e, Speculate just how wrong he is that he has had to come out and say it, rather than partaking to the requisite “milk carton” scenario.

This is not the first time I’ve made the above arguments. Back in April, 2016 I stated in the end the Federal Reserve would fall victim to its own perceived success when I wrote the article “Absurdity: When The Con Believes The Con” in regards to then former Chair of the Federal Reserve, Ben Bernanke, to the screams and howls of this same intelligentsia crowd.

And what has happened since? Let me ask it this way…

How is that decreasing of the balance sheet and interest rate normalization going along?

In a day and age where 2+2=4 math is being taught as racist. The only math that still holds up is when 1+1+1= idiocy cubed. Or said differently: when past, present and future economic, monetary theory meets the reality of the day, it is sheer lunacy – that it is this ilk – that still has standing to express it.

Someone, anyone: please take away their chalk or markers before more wealth and prosperity is laid to waste via their black and white boards.

© 2020 Mark St.Cyr

Here’s What I’m Watching Update

As I’ve been explaining over the past few days on the show, things can happen and happen quicker than most realize once the premise of “a deal on stimulus” is rendered moot before election day. Once Friday of last week past, as I warned, the “market” will now have to adjust, and adjust quickly – and here we are.

Precisely 13 days ago I posted the following chart, made my argument, and have let things play out. Below is that chart. To wit:

(Chart Source)

As of the close of the “markets” today here is the exact same chart only updated with a new notation. I’ll let you spot where it is. Again, to wit:

(Chart Source)

To some the above may appear inconsequential looking at the current move, but what one needs to fully comprehend is this very important point…

All of the gains, money, however one wants to categorize it, the result is the same: 90%, repeat, that’s ninety percent of all the gains supposedly “banked” by Wall Street has been wiped out.

To put it another way (which I did on the show today) If you are of the financial investor persuasion such as, you make your year based on your bonus calculated at the end of year. If you were banking (and presumably living and relying on) let’s say your $250,000 year end bonus for all the profits you had as recently as two weeks ago – that cool quarter of a “milly” is now worth about $25K. Last time I checked – that’s less than a yearly salary at minimum wages.

But not to worry I was told during these past weeks, because the buzzer banger on the TV told everyone just “Buy, Buy,Buy!” because: The Fed’s got their back.

So far the Fed and Treasury have spent a combined $9,000,000,000,000.00 (that’s 9 Trillion!) to push this “market” to those highs. And yet?

The way this thing is going it appears for all that “free money” that still might not be enough to afford a lousy T-shirt.

Will it continue, will we bounce to new highs, is it another BTFD moment of the year? No one knows, and we’ll just have to wait and see as it progresses. However, I will say this: The entirety of the mainstream business/financial media basically told their audience things like this were behind us.

And here we are, just as I warned.

But what do I know.

© 2020 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.

F.T.W.S.I.J.D.G.I.G.T.

(For Those Who Say I Just Don’t Get It… Get This)

When I first began opining commentary in regards to the capital markets, Federal Reserve, et. al. I was originally greeted with calls of “conspiracy theorist” and much, much worse. Over the years all that “conspiracy” theory has been proven out to be prescient facts.

Way back when the idea that there was a “secret hand” behind many of the dumbfounding market moves, where a sudden sell-off was immediately reversed out-of-the-blue with no arguable catalyst. All there was to explain it was some next in rotation fund manager mugging a camera to say “This shows that there is plenty of investors willing to buy this market!” hogwash. This back then and up until not too long ago was still the norm.

This phenom back then was usually referred to by people such as myself as “The PPT” (The Plunge Protection Team.) This was howled and laughed at by the entire mainstream business/financial media. Today, that same media now howls and toots their collective horns to call it “Prudent monetary policy” also known as QE (quantitative easing.) But back then this “tin-foil hat idea” and a few more like it such as “The Fed monetizing the debt” or, “The Fed buying stocks” was also seen as a conspiracy laden, tin-foil hat crowd affairs that needed to be segregated to its own isolation i.e., They refered to all of us as “The Doom Crew.”

And yet today, I submit to you the following. To wit:

(Source)

For those that may be lost on the irony of the above, or shrugging their shoulders thinking “And?” Believe it or not, you prove my point ever-the-more. Here’s why…

The lower comment from Mr. Gasparino’s feed is actually the first, which was the view that many had in response to the AG laying out a real anti-trust lawsuit today against Google®.

I mentioned this alert in real-time on the show today, because it was absolutely bazaar to those of us that understand the way things used to work which was – when a public company was even whispered to be under any eye of the authorities, the stock would immediately take a hit, which was easily explainable to the circumstances. i.e., law suits means expenses, sometimes “Bigly.” So it was an arguably easy assumption to have. But today?

Not only did it not go down in any major way, but it began to rally well over one to one and a half percent on the news. With a reaction like that, one should be sued every day, right? Right?

So, now if you read the top one where he implicitly states the reasons now becoming apparent i.e., “Fed plans to institute its emergence [sic] powers…” you now understand just how perverse, adulterated and perverted the once bastion of “free market enterprise and capital formation” has now become. To prove my point all one needs to understand is this…

The above is precisely what I said would take place years ago and was called a “tin-foil hat wearing no-nothing.” Now?

“It’s a “Buy! Buy!! Buy!!! Because the Fed’s got your back.” And today proves that to be so.

I would say “what a charade” but they don’t even bother to try and hide it any longer, for it’s now a telegraphed buy signal by the ultimate croupier.

But I will say this: What a complete farce all this has become.

At least I know that’s still applicable.

© 2020 Mark St.Cyr

Footnote: These “FTWSIJDGIGT” articles came into being when many of the topics I had opined on over the years were being openly criticized for “having no clue”. Yet, over the years, these insights came back around showing maybe I knew a little bit more than some were giving me credit for. It was my way of tongue-in-cheek as to not use the old “I told you so” analogy. I’m saying this purely for the benefit of those who may be new or reading here for the first time. I never wanted or want to seem like I’m doing the “Nah, nah, nah, nah, nah” type of response to my detractors. I’d rather let the chips fall – good or bad – and let readers decide the credibility of either side. Occasionally however, there are and have been times they do need to be pointed out, which is why these now have taken on a life of their own. (i.e., something of significance per se that may have a direct impact on one’s business etc., etc.) And readers, colleagues, and others have requested their continuance.

Here’s What I’m Watching

In regards to the current gyrations within the “markets” the following chart is about all there is left to speculate with, because from a technical perspective, it has pretty much nullified every, once useful, metric for calculation into the dust-heap of technical analysis history. But that’s what $90 Trillion dollars of globally synchronized central bank money printing will do. i.e., It enables the fantastical fantasy of “money for nothing” to be believed far longer than prudent perspectives can keep their sanity.

So with the above said, for those that want to know what I may still be watching, below is the same chart I’ve been using over these past weeks only with updated notations. To wit:

(Chart Source)

I’m still standing with my original call, for it is still plausible based on any remaining semblance of useful technical analysis judgements. But, as I’ve alluded to over the past week, it’s been all but nullified. So for those that want to know what I’m watching – It’s all about where I noted “Right now…”

If it stays above that line then “New, never before seen in human history highs!” headlines are more than plausible. Under it? The story can change faster than you can say “Wait, what?!”

And that’s about it.

As always, we shall see.

© 2020 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.