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Brien's avatar

My favorite quote about the stock market for 4 decades is no longer true. My favorite quote was this:

“The stock market tends to do what is least expected, except when it doesn’t”.

My conviction that it is no longer true(if it indeed ever was) is driven by my belief that the market itself has become so manipulated, even by historical standards, that it is now nothing more than one giant manipulated PsyOp. It is so manipulated by the billionaire oligarchs and global financial operatives as to no longer have a life of its’ own. This will continue until the entire edifice comes crashing down, and the point here would be that it could take longer(possibly much longer) for that to happen than any clear headed person would expect. My thesis rests on the notion that historically the market always relied on free(and reasonably accurate) information to function in free market fashion. That foundation has been utterly destroyed. Everything is now propaganda and narratives and lies, all pushed by a cabal that is marching in lockstep. The thrust now is to fabricate reality, to manufacture truth, and failing that to disguise it, all to prevent the public from knowing what is going on and to get them to behave in herd fashion, as the oligarchs would have it. So the market is being artificially propped up by the likes of Blackrock, Calpers, Goldman Sachs, JP Morgan Chase, Wells Fargo, CalSTRS, Citi Bank, BofA, US Treasury Department, NYC Retirement, Fidelity ..... and on and on, all of them. They all channel each other 24/7 and operate more or less on queue and in lockstep. It is not a free market functioning on free flowing and accurate information. It will collapse when they lose control of it, which they will. When is anyone’s guess.

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Juan's avatar

I do believe like Bill , sooner or later the recession will it the USA , it s already in Kiwi land and Germany , no way you have the biggest invert curve between the 10 and 2 years yield and no recession. . It came between 14 and 18 months from the deepest of the curve , next year it will eat the USA and then sped up everywhere ... patient is the wiser advice , do not listen to the sirènes songs .

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