Friday, December 21, 2018

Clear Assessment of Immediate Conditions

I mentioned the other day that the market is presently at the mercy of traders and their algorithms. To help you put this moment into its proper perspective, here's a clear assessment of immediate conditions directly from where that occurs.


Clearly, this seeming craziness is not yet about investment fundamentals... Otherwise there'd be no talk of buyers coming back after the beginning of the year.

Next week, alas -- barring a catalyst -- could be every bit as ugly; which at this juncture would be meaningless in terms of general conditions...

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