I don't understand. The US taxpayer bailed out the world financial system over the weekend and everyone sells gold and energy...

It would seem to me that a bail out on this scale should make it obvious to even the dumbest market participants that the US does indeed stand ready to create "money without limit" and that all the other major economies in the same hole will do the same, i.e. gold and silver and the stocks should have gone up.

If the dummies are thinking that we have turned the corner and the US is on the road to recovery than that will put paid to demand destruction in the energy markets, i.e. oil stocks should have gone up (and mine are down...again...).

The fundamentals changed to the benefit of commodities over the weekend and still the stock gets hammered. Was this more manipulation or has everyone lost their ability to think (or have I lost mine?)?

By the way, two small mortgage lenders were swallowed up by a larger rival today in the UK under orders from the regulators. We can assume they were insolvent, despite the spin doctors doing their best to put a gloss on it.