The Non-Farm Payrolls report came in on the light side but was otherwise balanced overall.And after an initial rally, stocks fell and then continued on well into the red.Gold and silver rallied but were pushed back. Silver was punched in the face with heavy selling around the 33 level and below.VIX ticked up a bit.The Dollar took back the 108 handle.What are we to make of this?I am not sure where we are going with all this. But I do think that the risk levels are elevated and badly mispriced.Donny is doing some good things, and some fairly pointless, if not badly unproductive, things. It’s funny to see his most ardent supporters twisting themselves into knots trying to redeem some of his less productive ideas. But I remind myself of how Obama’s supporters did the same thing in his first term, when it became completely obvious that he was no reformer in the manner of Roosevelt, but a pawn of the moneyed interests of the Clinton cartel. This is why I don’t like politics and ideology in general. They tend to make people say and do dumb things.Have a pleasant weekend. 
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