“The world is a tragedy for those who feel and a comedy for those who think.”

Taylor Caldwell, Captains and the Kings

It looks like equities are getting set up for another ‘big short.' 

It is not quite clear whether we are at full apogee or not yet. If the international situation clears up, there is always plenty of paper left to take it higher.

This market is now an artificial construct. It is a wealth extraction machine, more poorly regulated than the average casino.

It is hard to tell where safely may lie. 

Have a pleasant evening.