1/25 PRE MARKET NOTES

Markets slammed last week.

Markets slammed again Monday with a big gap.

Markets have the mother of all reversals as after a big drop, the masses got very bearish.

Markets gap to the downside this morning.

Hey, let’s play markets.

Can they reverse another bad open? Of course. It would go a long way to show serious defense. But after scanning last night, energy, staples and a smattering of other stuff with good charts. Most look like crap.

And tomorrow, we get Mr. Bubble. We repeat. THE FED SHOULD BE ABOLISHED! We should have never got to the point where one man’s whims can conjure up trillions of dollars to distort all price and yield while screwing Aunt Mary and Uncle Bob with 0% rates, creating bubbles that have popped everywhere, creating inflation that he never saw coming and then said it would go away. Who knows what damage he is going to do next?