Our liquidity soaked markets keep beating ever higher as the monetary Praetorian Guard, otherwise known as the Federal Reserve, has dispersed any would be sellers. Some permabulls, all giddy that the Fed has once again bailed them out, are again roaming Twitter mocking bears or anyone with a contrarian view of all the damage that is being done to our society and economy as a result of the ever widening wealth inequality and the mountains of debt piled on to pay for all the Wall Street rescues.
And so the cycle continues. Ever more bailouts, ever more complacency in the face of constant interventions raping the very foundations of the construct once known as free market capitalism and price discovery.
But as predictable as the mockery so are the elements of market patterns that suggest another larger volatility spike may be coming our way new highs notwithstanding.
Calling for a …