Bill Blain: “Markets Did Not Melt Down Yesterday As I’ve Been Semi-Seriously Predicting”

By Tyler Durden

Submitted by Bill Blain of Mint Partners

“Far across a moonbeam, I know that’s who you are, I saw your brown eyes turning once to fire..”

Friday the 13th. Never a lucky day.

Already I’m having a difficult time. I was a bit late so I decided to cycle to office this morning, but discovered I’ve got a flat tyre. Then I jumped on a taxi, but when we got to Canary Wharf turns out the guy’s credit card reader is broken, so I have to go find a cash machine – which takes another 10 mins. Next I discover my pass isn’t working – so its queue up for a new one.

Then there is the fact global stock markets did not melt down yesterday as I’ve been semi-seriously predicting through the summer. However… the dovish Fed comments on Wednesday and declining confidence in Trump being able to ram through his tax-plans is now being felt – markets are ending this week far less frothy than they were last week. A correction is still coming – just my timing was wrong… Again.

When I finally got to my desk this morning, first order job was to face …read more

Source:: ZeroHedge