Yet another day of gratuitous, grueling ups and downs, punctuated around mid-session by a swoon that had been nearly recouped by the time we went to press. If traders are thinking what I think they are thinking, they are expecting the stock market to find direction � possibly with a vengeance � once Trump�s inauguration is behind us. But suppose not? That would certainly seem paradoxical, since the transition from Obama to Trump arguably will represent the most radical political shift in American politics since the Civil War. For the moment, and perhaps for the next four years, it would appear that a quite sizable number of Americans still can�t believe November�s election results, let alone accept them. So how will Wall Street react now that the feel-good period is about to run out of bravado? The good news is that it hardly matters, since the bull market has been fueled not by decision makers, but by a torrent of digital money created out of thin air by the central bank. The bad news is that there is no such thing as a perpetual motion machine, and sooner or later a stock market that has seemed to defy this immutable law will succumb to cyclical forces that lie not only beyond the control of hedge funds and money managers, but beyond all understanding. If you don�t subscribe,click herefor instant access and a free two-week trial to the room, to Rick�s daily trading �touts�, and to all features of the service. It's geared to traders of stocks, mini-futures, ETFs, options and commodities.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.