This is building a blow off top on the markets, on

This is building a blow off top on the markets, one final short squeeze before the inevitable collapse back down. I highly suggest reading the Guggenheim article that I sticky posted here. It's by my old boss Scott Minerd. He doesn't specifically discuss monetization but that's exactly what the ECB is doing. The leaders of the world are setting the stage for a massive wave of inflation, just take a look at pump prices, gold, silver, corn prices, coffee, etc. They will take a plunge shortly but then continue their upmove and the governments will swing from inflationary Weimar republic policies to Diocletian price control disasters over this next 10-20 years.

The thing I love about trading is that I will make a prediction, but if I am wrong, I cut my losses and move on to look for the next setup. If I am right even 30% of the time I will make a fortune, so long as I cut my losses.

The thing with politicians and bureaucrats of all ideologies is that when they are wrong, they keep doubling down. The bigger the failure, drug wars, middle East wars, bailouts, government sponsored loans, the more they refuse to admit defeat.

I picked up a lot of MPIX today between .0018-.002. I think there might be a few more shake outs but nonetheless I don't think we close the week below .002.