The Endgame for Yellen & Co.’s Epic Hoax

I’d hoped the night session would provide clues to determine how the week might end, but bears and bulls have both turned gutless. This is understandable, given that Thursday’s hard selloff caught a bounce that was based on little more than drivel from the Fed’s charlatan-in-chief, Janet Yellen. It’s hard to imagine the market rallying when “Wall Street” cops to the fact that she and her clever cronies have run out of options.  This makes it all but inevitable that the massive carry-trade unwind we saw yesterday will continue, with stocks falling, and gold, U.S. Treasurys and the yen rising. Get used to it, because we’re going to be seeing a lot more of this in the days, weeks and months ahead.