presidential election

Marine Le Pen blasted a French reporter on Tuesday, accusing the mainstream media in Europe of peddling “fake news.” The outspoken politician accused liberal media in France and across Europe of spreading globalist propaganda when asked by the reporter if she thought the internet was a bad place for audiences to get their information. The reporter told Le Pen that she thought the internet was riddled with fake news, ‘conspiracy theories’, and alternative news websites. This prompted Le Pen to blast the reporter for her hypocrisy.

Authored by Michael Lebowitz via RealInvestmentAdvice.com,

On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the prospect of Donald Trump winning the election, to manic euphoria as the glorious narrative of Reagan-esque economic revival was born with Trump’s victory. Euphoric markets are not generally built on durable substance, and they eventually reconcile with reality as investors come to their senses.

Conceived several years ago, "buy the (fucking) dip" was a joke among traders seeking to explain the market's nearly-instant upward mean reversion, which as we have alleged since 2009, has been pushed higher by central bank policy and various HFT strats. Since then it has, sadly, become perhaps the only "explanation" for the behavior of the most bizarre market traders have ever encountered.

Luckily, the buy the dip quote-unquote "market" may be about to end, perhaps as soon as tomorrow, if Bank of America is right.

FIAT Drainage Has Begun

Vince Lanci for MarketSlant.com

Gold will meet head winds as the world continues to hedge most of its  uncertainty with flights to the USD. Unless that uncertainty abates, it must in the end spread all the way to the US. This will happen regardless of what you think of Trump's policies. Trump may accelerate or slow the inevitable. But Government can only slow or speed up market clearing events. They cannot stop them. 

EU Crisis Becoming Existential… Dutch Vote Tomorrow and Why It Matters

The leader of the National Front in France, Marine Le Pen, has hailed Britain’s decision to leave the EU – and has called for France to hold a similar referendum