WTF was that?  S&P500 up 3.43 percent  and the GLD down 3.80 percent and that’s not counting the spike to over 1,900 cash gold in after hours trading.   How are the fundamentalists going to reconcile and stick that in the Jackson Hole?

We say Mrs. I-Lean The Wrong Way got hammered today as many were caught off-side and the short seeking algos sent the levered set reaching for the you know what.   Please pass it this way!  Ouch.