Loading ...Earlier this week someone asked me what the markets might look like ahead of this quadruple option expiration.
I replied ‘a zigzag.’ Or in other words, a wash and rinse operation designed to shake speculators out of their positions.
It appears that the Banks are losing their special exemption from the reserves requirement.
It’s all about the leverage. And perhaps the most inconvenienced bank is JP Morgan.
Next week we will have a metals option expiration on the Comex, on Thursday the 25th.
When you trade in the relatively lawless markets of deregulation and hellbound pigmen, you need to be on your guard.
They are not jealous of your freedom.
They just want your money.
Have a pleasant weekend.