Hmmm .... Bill Gross: "Go To Cash". Extreme? That's for you to decide. STB has been recommending that you take profits off the table and all the way out of the system for over a year now.
Is it time to bail completely? There will come a time when you want zero exposure to anything, possibly even cash. I contend that when they run for the gates they all run at the same time. So mass selling coupled with mass redemptions creates the perfect storm. How much of your assets do you want exposed to this storm? Remember the "gates are closed". When the time comes and capital controls are in place after your savings have been wiped out in the next crash; how will you be prepared to maintain your economic freedom?
On to the lie -
SPX Daily - Support and resistance in the possible falling larger red wedge. No clear near term direction or patterns. If they can get a new low, then some real positive divergences would be set to squeeze. I'm gonna continue to look down, preferably to the 1820 (or lower) area before (or if) a turn comes. I simply see no driver for a lift other than a QE announcement.
Freedom watch -
Laws are laws, but .... School district investigating mass baptism at football practice. At a time when Christians are being persecuted, and when we need Him now more than ever ...
Blatant abuse - and the cops are furious that this was released (cause it completely disproves their "official story"). Listen to this interview completely. This policeman's testimony is classic. San Antonio police shoot, kill man standing still with hands raised.
More to come below.
Have a good day.
GL and GB!