Financial markets

In 1975-76 the Dow/Gold Ratio rebounded yet the economic problems were not fixed - just the same as we see today.

The S&P 500 just passed the 2,000-point psychological threshold, an absolute record for that index, created in 1950 and comprising the 500 largest companies traded on the U.S. stock market

The Fed is in full market control mode after its tentative interest rates future increase announcement. It constantly keeps the stock market from properly correcting, in the hope it will keep going until the next Fed announcement.

In Pebble Beach, California, during The Quails “Concours d’Élégance”, a 1962 Ferrari 250 GTO was sold at auction by Bonhams for $38 million, which constitutes an all-time record for a collector’s automobile. What to think of this exorbitant amount?

The Fed has fought by all possible means the installation of the correction wave, because the amount of debt is so high that letting deflation happen would lead to a never-seen-before catastrophe

Beyond Deutsche Bank, we must understand that the large banks of the world are holding inordinate amounts of derivatives, beside which their own funds are ridiculously low. And this constitutes an endemic risk that is largely underestimated by the shareholders, as well as the depositors.

With virtually empty gold vaults, the central banks and bullion banks are now becoming desperate.

Scatterplot charts showing the relationship between the Dow Industrials Index & Gold for the last 200 years.

Money Managers are piling on long (Hedge Funds?) And the Commercials are going short as JPM has to hedge the positions sold to the longs.

This anemic growth, this ever-delayed recovery and this QE tapering should normally be worrisome for the stock market, but things are staying put for now. How is that?