Elsewhere on the page, I’ve given my reasons for buying bullion and put options less aggressively than I’d intended just a few days ago. Apple shares popped in a big way Wednesday, and that’s what changed my mind. The stock market sometimes rallies at peculiar times, and this is one of them. September is historically the worst month for shares, and this September in particular has been fraught with scary headlines about a weakening global economy. The Fed has validated our fears by kowtowing to Trump’s repeated calls for easing. The markets have a perverse way of moving opposite expectations. If it were otherwise, we’d all get rich by simply following the trend. With stocks moving steeply higher, it is becoming more obvious by the day that the herd began September expecting the worst.
