By making the stock market the only game in town, the Powers That Be can no longer afford to let it decline for any reason.

Market technicians have long observed that the holes in charts left when markets gap up or down at the open of trading almost inevitably get filled later on. When the market gaps down, it will eventually rise to fill that gap. When the market gaps up, it will eventually decline to fill that open gap.

Those open gaps around 2,080 and 2,050--ignore them.

That open gap around 1,870--forget it. It will still be open a century from now.

DYI Comments:  I'm not sure if the author is being serious or tongue in cheek. Here at DYI no doubt those gaps will be filled and look for the market to decline further. No doubt the powers that be at our central bank will fight the decline when it comes but when sentiment changes direction no amount of QE will change until the market plays itself out.

Here is a quote from J. Paul Getty that sums up the current market conditions.

Stock Market - "For as long as I can remember, veteran businessmen and investors - I among them - have been warning about the dangers of irrational stock speculation and hammering away at the theme that stock certificates are deeds of ownership and not betting slips.

The professional investor has no choice but to sit by quietly while the mob has its day, until enthusiasm or panic of the speculators and non-professionals has been spent. He is not impatient, nor is he even in a very great hurry, for he is an investor, not a gambler or a speculator.There are no safeguards that can protect the emotional investor from himself."

Updated Monthly

AGGRESSIVE PORTFOLIO - ACTIVE ALLOCATION - 6/1/16

Active Allocation Bands (excluding cash) 0% to 60%

83% - Cash -Short Term Bond Index - VBIRX

17% -Gold- Precious Metals & Mining - VGPMX

 0% -Lt. Bonds- Long Term Bond Index - VBLTX

 0% -Stocks- Total Stock Market Index - VTSAX

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DYI