The reason for today’s plummet is wall street relief that Trump is caving to the Banksters, by nominating Kevin Warsh - status quo, perhaps in ways worse than “too-late” Powell.
Fact is, when wall street realizes that there is a ‘play’ going on, that FED will become even more irrelevant, today’s plummet will be seen as a great buying opportunity. This morning Trump referred to Warsh as “Central Casting”. That’ll prove later to be quite telling as to where the FED will be going (mimicking a deflating balloon), and where the Treasury will rise among the FED’s ashes.
We are right smack in some stage of the transition from debt-based FED currency to asset-based Treasury Money.
Use the dips wisely, and spare me the “Oh Noes”.
“today’s plummet will be seen as a great buying opportunity.”
LOL! Every day is a great buying opportunity so say the shills.