Image Source: PexelsStocks had another wide-ranging day, with the broader markets lower, which is unusual for a Monday of late. The NDX 100 finished higher, thanks to the Bloviating 7 of big tech.Surprisingly the VIX was lower.The Dollar declined.Gold and silver declined.Like the spokesmodels and talking heads, one could spend quite a bit of time looking for triggers in today’s wildly swinging action. Some fairly inconsequential remarks by Ackman, Gross, and Powell during the day would seemingly be suspects for the ‘big moves.’But at the end of the day, it seems fairly obvious that investors are not in there moving things.This is a market completely overshadowed by the smoldering powder keg in the Mideast, as well as a few other places where the big powers are shoving and pushing, like the Ukraine, the China Sea, etc.Troubled times of exogenous risk make for volatile markets.Traders may spot certain groups of bulls and bears leaning too heavily in some direction, and seek to foment a powerful technical move in the short run to take some scalps.In a fundamentally broken market, these short-term technical trades can easily dominate. It is not capital allocation in the traditional sense. It is all a game. And it has been becoming more and for longer terms, year after year. This is the harvest of the moral hazard and the steady PR campaign against the rule of law.Nevertheless, the risks of a big even-driven move are unusually high.Be ready for a dramatic move when it comes, but try not to feed the sharks by taking obvious long-shot positions early on. Remember that in the aggregate they can read the hands you are playing, and have stacked the deck as well. Yes it’s a simple scam and a lot of informed people know it, and go along to get along.It’s what they do. Blind themselves. Have a pleasant evening.
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