Business

Before a forecast tropical storm, residents of a coastal floodplain keep one eye trained on the weather as they go about their daily business.  

Wary investors keep an eye out for potential political, geopolitical, as well as natural disasters.

Homeowners on the Gulf of Mexico take precautions against the potential for wind and water damage, as do market-minders seek indemnity from inflation and recession, up and down markets, changing tax policy, and potential for catastrophe. 

via marketslant.com

Friday's close came back to haunt us it seems. Spot did close under $1321 implying a quick and potentially large move lower with little bounce on the way down. The market has given us $7.00 of that move without touching the signal negation level. It has dropped in a more orderly fashion than expected however, which could augur end of a trend on the volatility system we use.

Friday's Posts giving us the alarm

Authored by Mike Shedlock via MishTalk.com,

The Equifax security breach scandal keeps growing and growing. Their handling of the data breach that affected as many as 143 million accounts has been horrendous.

Executives dumped their shares before reporting the stolen data. Following the breach, their website did not function properly, people got signed up for programs they did not want or need, and customer service has been dismal all around.

Equifax is Not Your Friend

Previously, we have discussed the issue of a currency’s backing. From comments and emails, we realize this topic could use a bit more illumination. And there are some related concepts that should be addressed at the same time.

Last week's bullish sentiment that sent the S&P not only to a new all time highs, but a burst of last-second buying pushed above 2,500 for the first time ever, has carried through to the new week, with European and Asian shares rallying across the board, US futures again the green, and world stocks hitting a new record high on Monday ahead of a historic Fed meeting in which the FOMC is expected to announce the start of the shrinkage of its balance sheet.