The Fed Didn’t Hike and the NASDAQ Closed at Record Highs

Yes, indeud. I did warn you of this eventuality. All of the jawboning and arcane trading ahead of the Fed, selling off gold, treasuries, REITs, utes and even stocks, ended up reversing today — after people realized they weren’t a very serious group of people.

Examine what happened and extrapolate what you must. You might believe stocks were the biggest winners today, but as a point in fact, they weren’t.

Sovereign yields headed lower again and gold was a massive outlier. The ark and the mine have never been more desirable than they are now. After you strip away the fictitious data and central bank over planning, you’ve got nothing but a gigantic fraud and a woefully slowing and underpforming economy. But, knowing what we know now, the Fed and their cabal of followers and supporters, it’s as plain as the day is long what must be done and what should be bought.

The rigged market will continue, but non systematic risk still looms amongst individual earnings disasters to come. The only place to invest cash, and to make virtually risk free returns, is to front run central banks through the purchase of bonds. Also, knowing their end game is to denigrate their currencies to achieve a faux prosperity, gold is a must own.

In other words, the ark still floats, freely, unencumbered, and with grace against the tumultuous killer seas. The gold mine is a popular destination for persons unplugged from the matrix, where food, drink and parties are all abundantly shared.

Le Fly is deeply entrenched and winning, much to your chagrin.

Details of my battle plan and portfolio are in Exodus.