The name was never more appropriate. "Cyber" Monday. Not for the electronic retailing. Nope. I'm talking about WOPR bidding up stocks today. How do I know it was algo-related buying? Because what rational human being would be buying equities here?
Let's start with an Armageddon update. Here's the latest, in no particular order:
This explosion follows the mysterious explosion two weeks ago that wiped out the head of Iran's missile development team:
Conformation of that blast was issued today:
Let's see...two different military installations mysteriously wiped out in two weeks. Mossad anyone?
Does anyone actually think this is an accident or a coincidence? And if it's neither, do you really expect Iran to simply take this laying down? Maybe just shrug and turn the other cheek? Really?
And then there's this update on Syria, also from the Mossad media arm of debka:
Ah, but don't despair. Here come the Blue Hats!:
And lastly, let's not forget the global financial meltdown that seems pending for 2012, brilliantly summarized here by ZH contributor, Bruce Krasting:
So, by all means, BUY STOCKS! Yes, that makes perfect sense.
It makes about as much sense as the current price of gold and silver, actually. But what can you do? As long as we allow the current system to continue (where physical price is determined by the daily machinations of an obviously manipulated and criminal futures trading regime), we have to play the hand we're dealt. At the current time, I see no evidence of a pending rally. On the bright side, however, the fundamentals remain so overwhelmingly strong that it will be quite challenging for The Cartel to drive price significantly lower. What do you get in a situation like this? A range-bound trade.
Not everyone agrees with me, of course. (What else is new?) Our buddy, Ned Naylor-Leyland was on Bloomberg earlier today prognosticating $2000 gold sometime soon. I hope he's right. Time will tell.
That's all for now. I'm off to Costco to buy some more bottled water, rice, canned goods and iodine.