Stocks on Wall Street declined during premarket trading on Friday after posting strong gains for the past two days. Investors will be keeping an eye on home sales data due to be released later in the day, as well as President Joe Biden’s meeting with prime ministers of Australia, India and Japan. The Dow Jones lost 0.28% at 4:17 am ET, the Nasdaq 100 fell 0.54% at the same time and the S&P 500 slid 0.41% at 4:18 am ET. The euro was down 0.04% compared to the dollar, selling for 1.17338 at 4:18 am ET. Nick Note: Evergrande is the shot over the bow. Dances with wolves come to mind. They will eat you when they get hungry. That is what they are doing when they buy into the bubbles. Bubbles in bonds, stocks and real estate. What each one of these markets have in common is the FED. They are buying bonds of ALL stripes, They are buying mortgage paper and they are buying corporate debt like their is no tomorrow. Come to think of it the numbers of tomorrows will soon run out. Tell me what fool invests in markets that are being propped up by a desperate FED who has fucked it up every time since the sad day they got a license to kill. And is it not amazing that said fool is not considering the day that will soon come when FED supports ends. The Fed has made it clear its not if but when… And the Fed admits that inflation is out of control…. and they still have not acted hoping it will go away buy itself. That’s like your house is on fire and you do nothing but watch the weather reports hoping for rain….. .We all know how that will end up. And i am sure they have market quote machines at the FED and see the record highs in bonds, stocks and real estate. Of course they are worried… of course they know they have a problem. Its a fun day at the beach until the tsuami rolls in… Then its a death warrant… And your biggest problem is no longer you ran out of sun tan lotion.