The stock market reaction this week was to see the stock market fall, gold rise, bond yields fall and the yield curve narrow. Is Santa Claus coming to town? Looking more like the bears are coming instead.
Gold looked like it was going to cave in, but instead it reversed course. Gold is suddenly back above the moving averages and ending the week on a very strong note.
Apple is not merely an institutional favorite, it is crucially important to the the grand illusion that a global financial system headed inexorably toward collapse will continue to muddle along.
