With so much counter party exposure, with trails no one could ever follow, now you can understand why Central banks keep this market up at any cost.
So, if we’re getting some late stage run for glory which sends us ever higher, I don’t buy for a moment that it’s the general population finally diving in. I could however see it being the bankers printing even more than they acknowledge they are.
The greatest trick the banksters and their corporate cronies have ever pulled is to convince you that you are weak and powerless without their governmental puppets and regulatory lapdogs to (pretend to) protect you. That is a lie. The people have always held that power in their own hands.
We’re still leaning long, but keeping position size a bit lower than normal. So far it’s been working for us nicely, and I figure it should continue for a while. But as we get closer to the December rate hike from the Fed’s, I think there’s going to be a bit of nervousness out there, and that could shake some trees.