Here is the latest from David Stockman:
The casino is incorrigible. After a monumental short squeeze that has lifted the averages right into the jaws of danger, Goldman Sachs has the temerity to print the following:
“Our model suggests SPX calls are more attractive than at any time over the past 20 years”.
There must have been a mullets’ breeding frenzy awhile back because it’s hard to fathom how Goldman has any real customers left. Then again, its current preposterous call is just indicative of the horrible threat heading menacingly toward what remains of main street’s 401k investments.
To wit, the Fed and other central banks have thoroughly falsified financial market prices and destroyed all of the ordinary mechanisms of financial discipline. Foremost among these are short sellers and a meaningfully positive cost of carry trades.
Markets are therefore unhinged from any connection to fundamental economic and financial reality, meaning that they are capable of an extended period of spasmodic deadcat bounces that will have only one end result.
Namely, the naïve and desperate among main street investors who still, unaccountably, frequent the casino will presently be taken out back and shot yet another time. The market technicians are pleased to call this “distribution”. Would that someone on Wall Street man-up and amend the phrase to read ” distribution ... of losses to the mullets” and be done with the charade.
You can read the rest @
http://davidstockmanscontracorner.com/the-price-isnt-right-how-central-banks-are-fixing-to-ambush-the-casino/
In layman's terms, this means the stock market (the casino) is going to crash, taking the rest of our retirement savings along with it. And after Social Security also is destroyed, just what do you think a President Hillary would do for us, other than declare martial law to keep the starving masses in check for her oligarch friends?
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