Feel like Wylie? I do and I haven't hit bottom yet. Ya have ta hand it to da boyz.....they know how to hurt a guy. When you're in a crowded trade its bad enough when they crush you, but when you're in a trade that directly attacks the ponzi, then you've really unleashed some serious pain your way. Of course this just could be normal market forces only at play and from a macro view I just made a mistake and we are on a steady path to recovery. Either way market forces will eventually have to be observed.....or more simply.....the law of physics will be met. "For every action there is an opposite and equal reaction."
Just as the miners broke out last month, they were crushed again. Some look potentially constructive with POSSIBLE higher lows getting established....but many are setting near their previous lows or even lower. Its bloody and a few weeks ago I noted that gold could indeed establish a newer low before it began its long run up. We'll see what happens but this has cleared another group of leafs out of the trade already.
Back to the shutdown......only the top of the pyramid knows what the angle is but as each day goes by its becomes increasingly apparent this entire shutdown has someone pulling the strings of both sides to create at the very least, the illusion there are two sides involved "governing". There is one side for sure that will wind up losing and that is YOU.
When the dust clears it "appears" there will be a "last minute" resolution and all will be saved. If this was the goal of the game to just show there is a "two-sided" democracy at work, then I suppose it is successful, but it just doesn't add up....so I am not sanguine about the "last minute" resolution scenario. I think they potentially have a darker motive in mind. Perhaps its to just provide enough noise to cover some terrible earnings and employment stats they don't want you to see. Maybe they want to consolidate the technocratic control of the Fed and Executive branch by showing you the "incompetence" of CONgress through their "intransigence". This would solidify the soft martial law evolution begun over a decade ago.
There could be an even darker motive and that is an unwinding of the bond market...bringing in true FEAR and blaming it on CONgress and unleashing the full power of the Fed's money printing to save the republic and the World further driving us into debt enslavement......a hole we can never dig out of......gl