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BUBBLES, THE REVERSE WEALTH EFFECT, THE DOLTS AT THE FED AND EVERYTHING ELSE

First off, if nothing changes into the open, the DOW would have dropped over 2,000 points in just over 11 days. You never know when counter-trend moves occur. They do occur often from big down openings like today. We are never surprised these days by near-term reversals but can never predict one. Just stating facts….

OUR CONTINUED THOUGHTS ON THE NIGHTMARE RUNNING THE CENTRAL BANK

BY GARY KALTBAUM- MAY 5, 2022 We were apoplectic yesterday when it was reported by the many that Jay Powell is now fighting the inflation, the inflation he mostly created. SAY WHAT? Fighting inflation? For the zillionth time, we warned you about the most important financial person on earth. We warned you he doesn’t understand…