There will be a stock options expiration for October on this Friday.
The touts are talking up stocks this week. I’ll take that as a good sign to take profits out of equities if you have them. We are nearing what is likely to be at least a short term top.
The bullish argument is that the Fed will keep supplying easy money to Wall Street, and they and their minions will keep piling into stocks because they have no other choice. That is sounding a bit tired at this point.
Never forget what Pam and Russ Martens said above.We were all there watching it. We know what happened, not only from the news but our own personal experiences.The myth makers are out in force, trying to rewrite history.
And I think this is because they are concerned about another big wash and rinse, again.And they are softening up public opinion in advance. Yes, they really do think that most people are that easily led.And you know what, they may just have a point.
And the band played on.
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