Beware the Bear’s Bull Traps!
By David Haggith
TheGreatRecession.info
December 26, 2018
So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw….
Was this the Plunge Protection Team plunging into action to cut the bear off as soon as he was born?
Maybe. Consider how strenuously Secretary of the Treasury Steven Mnuchin tried to energize the PPT while knocking back piña coladas in Cabo on Sunday. Yet, it didn’t work. I guess the team was too lazy to kick into action on Christmas Eve. I mean obviously even Munchkin doesn’t want to work then, or he wouldn’t have been flying in private jets with is gorgeous wife down to Cabo. (At least, that is how he used to travel on the government dime in headier days. I don’t profess to know how he travels now. Maybe he takes his boss’s jet now that the boss has Air Force I. I don’t follow up on these things.)
Maybe the Munchkin clan decided to get off their sorry butts after Christmas was over and work off a little of the egg nog. Of course, we had the president giving them a swift kick in the behind in the last 24 hours by telling everyone (which would include his PPT) to buy the dip because we are in the best of economic times.
So, maybe.
But. don’t think so.
I have three alternative suggestions that I find more compelling:
The Rest…HERE
