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Overnight this week, the S&P 500 e-mini futures were halted twice. The SPX mini is the Fed’s choice intervention tool because it can direct the market with minimal capital requirements.
Rule of Law in America has been completely eroded by corrupt Presidents and citizen nonchalance. Many beside me have alluded to the fact that the U.S. political system now resembles that of a Central American Banana Republic. That’s no secret to anyone who cares to peek at reality.
If this stock market does what we all know it will do eventually, which is seek a level that reflects its true underlying intrinsic value, all hell will break loose in this country and we’ll start hearing reports of much worse occurrences than fist-fights at traffic intersections.