ALERT: Stock Markets Ready For Major Reversal, And Why “Bitcoin Is A Fantasy, Gold Is Gold”

Monday, December 4, 2017
By Paul Martin
December 04, 2017

Stock markets ready for a major reversal, and why “Bitcoin is a fantasy, gold is gold.”

By Bill Fleckenstein President Of Fleckenstein Capital
December 4 (King World News) – Late Friday afternoon, well after the market closed, we found out that the ABC News story about Michael Flynn was only partially correct and potentially nowhere near as problematic for the Trump administration as it first seemed. Then, early Saturday morning, the Senate passed the tax bill (as expected). Thus, I kept a close watch on how the market opened Sunday night and how it traded today, with the most important potential development being if the market sold the news…

Up, Up, and Not Away
The SPOOs opened about 16.5 points higher last night, then traded in a tiny range. I only bring that up because I was sort of shocked how so many various markets opened at a particular level and then just sat there, which didn’t really strike me as what one would see if the trends in force were going to continue motoring in the same direction. That is not the sort of observation I would normally act on, but I did think it was odd, so I’m passing it along.

The Rest…HERE

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