Saturday 28 November 2020

Special Update 28/11/2020 Stocks - Great Expectations.

 Baltic Dry Index. 1230 +08  Brent Crude 48.18

Spot Gold 1788

Covid-19 cases 21/11/20 World 57,910,511

Deaths 1,377,745

Covid-19 cases 28/11/20 World 62,554,862

Deaths 1,457,538

28 November 1918. Kaiser Bill Abdicates.

Kaiser Wilhelm II abdicated as German Emperor and King of Prussia in November 1918. The abdication was announced on 9 November by Prince Maximilian of Baden and was formally enacted by Wilhelm's written statement on 28 November, made while in exile in Amerongen, the Netherlands. This ended the House of Hohenzollern's 500-year rule over Prussia and its predecessor state, Brandenburg. Wilhelm ruled Germany and Prussia from 15 June 1888 through 9 November 1918, when he went into exile.

https://en.wikipedia.org/wiki/Abdication_of_Wilhelm_II

In the stock casinos, you wouldn’t know that there’s an uncontained coronavirus pandemic underway, one that devastating large sections of the G-20 economies.

In the casinos, it’s all about massive free money from the central banksters and crony “capitalism.”

On Monday in the casinos, it’s time again to dress up the stock indexes for the month-end performance bonuses.

Later next month, in a move that’s widely expected to cause a year-end new stock mania, Tesla gets added to the S&P 500.

To this old dinosaur market watcher, it seems to me to be yet more bubble and mania. Like all previous bubbles and manias, it's highly likely to end in a crash.

At the start of 1918, Kaiser Bill thought he was onto a winning roll. Russia was out of the war, his armies were surging again on the western front, what could possibly go wrong?

On the 28th of November 1918, Kaiser Bill put in writing his abdication, ending 500 years of his dynasty’s rule and just under 40 years of the German Empire.

Life can play out very differently to what we expect. We don’t always get what we expect, but we usually get what we deserve.

Stocks at record high but yields fall, dollar under pressure

November 27, 2020

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