Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.
– Mark 13:32
La Mort, photograph of her good side.
Bigger Than a Bear Market
After yesterday's last hour selloff sent the S&P to the very edge of the critical support trendline which, as shown yesterday, meant 1980 had to be defended at all costs...
... so far the support has held, and in overnight trading European stocks have managed to rebound on the back of more levitation in oil, while US equity futures have ignored a drop in the USDJPY which touched 112.20 in morning trading, and have jumped by 0.5% as of this moment, up 10 points to 1,990.
Submitted by Patrick Buchanan via Buchanan.org,
Donald Trump “appeals to racism.”
“[F]rom the beginning … his campaign has profited from voter prejudice and hatred” and represents an “authoritarian assault upon democracy.”
If Speaker Paul Ryan wishes to be “on the right side of history … he must condemn Mr. Trump clearly and comprehensively. The same goes for every other Republican leader.”
Donald Trump “appeals to racism.”
“[F]rom the beginning … his campaign has profited from voter prejudice and hatred” and represents an “authoritarian assault upon democracy.”
If Speaker Paul Ryan wishes to be “on the right side of history … he must condemn Mr. Trump clearly and comprehensively. The same goes for every other Republican leader.”
“Maybe that would split the (Republican) party,” but, “No job is worth the moral stain that would come from embracing (Trump). No party is worth saving at the expense of the country.”
Via ConvergEx's Nicholas Colas,
With yesterday’s impressive equity rally, every trader is asking the same question: “Can U.S. equities go green on the year?” The S&P 500 is now down “just” 3.2% in 2016 and there’s nothing like a +2% one-day rally to hold out hope of actual gains before March 31.