Of course Blankfein is the corrupt CEO of Goldman Sachs which is well known for insider trading without anyone ever going to jail. There is a revolving door between Goldman and the US Treasury dept. He is also known for his arrogance as shown by his comment during the last crash the Goldman Sachs was doing God's work. Only a demon could even say such a thing about our corrupt financial Ponzi banks.
In any case, today Blankfein has decided to speak up about how trees don't grow to reach the sky. He must be watching the ending diagonal on the DJIA as it has now hit first confirmation of breaking back into the channel. This is how the elite send each other messages which go over the heads of most people. They cannot just come out and say "Peak Ponzi Prosperity Pump has been reached and we fear that the dump phase has been entered". No, they have to talk around the point using buzz words like "volatility". This is the same fed speak crap that Greenspan used when he began talking about "Turbulence". All the insiders knew what it meant. All the insiders knew what to do: exit the markets in as orderly a fashion as possible.
In short, it means the con men are losing control of the con. That is all you really need to know. The whole damned thing is a con that was enabled and fueled by
the fraudulent concepts of fiat currency and fractional reserve (pump
and dump) banking policy. The whole thing will now begin to revert to
the mean, the very mean, and the very angry pissed off mean. Nothing else is germane nor does it matter. Forget learning economic theory or trying to discern what fundamentals are really at play. The details are just too complex to intelligently analyze. The best you can achieve is to receive hints and pointers.
Nobody knows when a con will collapse because it is driven by confidence which is a semi chaotic human trait. The charts are the best indicator that I know of but the best they will tell you is when you are likely right or likely wrong in your current bet. None of this is investing. All of it is gambling on the timing of when Mark and Patsy finally figure out just what a bunch of suckers they have been for the past 30 years. Please have no doubt: the boomers who have money in the 401k system are going to get totally screwed because the market valuations are just paper numbers that will evaporate as soon as the suckers try to collect the money. Call it the vanishing retirement act. It will be the final show put on by the Ponzi operators before The Great Reset occurs.
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