Thursday, June 8, 2017

Something Is Not Working And It's Called Price Discovery

On Thursday, stocks closed the day essentially flat, with the exception of the NASDAQ, which seems to go up continually, no matter what the news, data or geopolitical conditions.

Oil slipped a little after being pumped and dumped. Precious metals were slammed without mercy, another annoying feature of the central banking control clique.

There seems to be a missing mechanism somewhere in this busted system, such as the one that transfers money from corporations to worthy shareholders or that can actually present a rational value for gold and silver.

It's called price discovery and there hasn't been an honest mechanism for such since 2009, probably earlier.

Like everything else, including the senate testimony of one former FBI Director James Comey, the stock market is built upon a mountain of flimsy propositions, most of which make little to no economic sense, unless, of course, one believes that borrowing insane amounts of money and printing even more will bring prosperity.


At the Close, 6/8/17:
Dow: 21,182.53, +8.84 (0.04%)
NASDAQ: 6,321.76, +24.38 (0.39%)
S&P 500 2,433.79, +0.65 (0.03%)
NYSE Composite: 11,676.79, +9.06 (0.08%)

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