Government Shutdown Day 4: Wal Street Puts on Happy Face

Why bother?

If Wall Street is going to bid up equities and sell off bonds, as it did today, when the government is at least partially shut down (and completely dysfunctional) then what is the point of even trying to explain all this nonsense.

Get your money (federal reserve notes: actually debt instruments) out of banks and into your own hands, buy some gold or silver if you haven't lately, gas up, buy lots of non-perishable food, get firewood ready, and hunker down.

The storm is coming and the elitists in finance and government don't want you to know about it.

After all, the CEOs of major banks were at the White House the other day and these banks are increasing the amount of cash in ATM machines, anticipating such a run, so you don't want to be shut out when the magic money machine runs out of cash, do you?

With the government intent upon remaining somewhat closed up, the debt ceiling approaching in a hurry and the morons on CNBC chanting, "this is a great buying opportunity," can a nationwide bank holiday be far behind?

One wonders whether PayPal will still work. In the meantime, we're taking the rest of the day off to polish our gold, silver and guns and, oh, yeah, withdraw all our money from the bank. Don't want to leave it all sitting there collecting dust over the weekend. Now, if it were collecting interest, maybe that would be different.

It's the American way, after all.

And, just in case you haven't been paying attention, today's trading volume was among the lowest of the year.

This just isn't good, folks.

Don't worry. Carry on.

Dow 15,072.58, +76.10 (0.51%)
Nasdaq 3,807.75, +33.41 (0.89%)
S&P 500 1,690.50, +11.84 (0.71%)
10-Yr Bond 2.65%, +0.05
NYSE Volume 2,793,792,500
Nasdaq Volume 1,518,519,250
Combined NYSE & NASDAQ Advance - Decline: 3738-1824
Combined NYSE & NASDAQ New highs - New lows: 273-51
WTI crude oil: 103.84, +0.53
Gold: 1,309.90, -7.70
Silver: 21.75, -0.034