The Dark Side

(1) Cosmic analogies for the stock market include black holes and supernovas. (2) Greek tragedies end badly, albeit with plenty of warning from the chorus. (3) Knights of the Dark Side: Gross/Soros/Druckenmiller see bad times ahead. (4) Brexit, China, and valuation all driving the wise guys into gold. (5) Negative interest rates in Eurozone and Japan pull down US bond yields. (6) Fed’s latest flow-of-funds data show big buyers of stock are still corporations and ETFs. (7) Don’t bet against the buyers of last resort. (8) Clash of the Titans: Gross/Soros/Druckenmiller vs. Yellen/Draghi/Kuroda.