This is a syndicated repost courtesy of Credit Bubble Bulletin . To view original, click here. Reposted with permission.
‘The real trouble with this world of ours in not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait.’ G. K Chesterton
The S&P500 rose to a record 2,490.87 during Tuesday’s session at about the same time the VIX was trading down to 9.52. The DJIA reached a record 22,179 during Tuesday trading. At 5,973, the Nasdaq100 (NDX) was on track mid-day Tuesday for a record close. Tuesday saw the bank index (BKX) trade to a five-month high, with the broker/dealers (XBD) just shy of all-time highs.
‘North Korea best not make any more threats to the United States. They will be met with fire and fury like the world has never seen. He has been very threatening … and as I said they will be met with fire, fury and, frankly, power, the likes of which this world has never seen before.’
This post was published at Wall Street Examiner by Doug Noland ‘ August 12, 2017.