The paranoiac is the exact image of the ruler. The only difference is their position in the world. One might even think the paranoiac the more impressive of the two because he is sufficient unto himself and cannot be shaken by failure.
Elias Canetti 

Flashback; Dow today looks like Dow yesteryear. The pattern it is currently tracing is jarringly similar to that of 2011. If history is going to serve as a guidepost, then the Dow could be ready to roar as opposed to being down for the count. When the markets were plunging in 2011, the same question was posed. Is the Dow going to crash, is the bull over? Turns out that the so-called crash was nothing but a hiccup in what turned out to be one of the most massive Bull Run’s of all time. Now we are faced with the same paradigm, and once again the talking heads (many who actually have the audacity to call themselves experts) are marching to the same drumbeat and chanting the same song of doom. We have repeatedly stated over the years that we are living in an era of lies and deceit, where the laws of reality have been suspended and master of deception (A.K.A central bankers) have helped create an alternate reality. In this reality, savers are punished and speculators are rewarded. Markets have been manipulated for an extraordinary period of time by artificially holding down interest rates for a record period of time.

As we live in an era of lies and deceit, where rampant manipulation is the order of the day; worse still, no one is contesting this manipulation. The masses have embraced that this is their destiny and surrendered to this new market norm. A norm that rewards speculators and punishes savers. As the laws of reality have been suspended (courtesy of the masters of deception, otherwise known as the friendly Fed), the markets will only crash if access to easy money is eliminated. This hot money is what’s fueling the markets and will continue to do so in the foreseeable future. Against this backdrop of deceit and corruption, normal market rules cease to apply.

Therefore, our contention has been that every major correction for the past several years is nothing but the market letting out a well-deserved dose of steam and that a massive crash is not the makings; at least not yet.…

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