12 May 2020

Stocks and Precious Metals Charts - Fauci Cautions, Stocks Tumble - Option Expiration on Friday


"A narcissist paints a picture of themselves as being the victim or innocent in all aspects. They will be offended by the truth. But what is done in the dark will come to light.”

Karla Grimes


"It is not possible to found a lasting power upon injustice, perjury, and treachery. These may, perhaps, succeed at first, and limp along on hope for awhile with a flourishing appearance. But time betrays their weakness, and they eventually fall into ruin of their own designs."

Demosthenes


"Be not deceived, for God is not mocked. Whatever a man sows, so shall he reap."

Galatians 6:7


"A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.”

Czeslaw Milosz, The Discreet Charm of Nihilism

As I noted yesterday, the stock markets are appearing to be more like ponzi schemes than bubbles in this case.

The difference is the sheer narrowness of the impetus higher, and the increasingly cynical nature of it.

And so on some words of caution today, stocks tumbled— hard.

Gold managed to hold on to some gains while the Dollar lost ground.

There will be a stock market option expiration on Friday.

We might see the hysteria and misdirection continue to intensify.

What is hidden will be revealed.

The mills of God grind slowly, but exceedingly fine.

So many scoundrels, with fewer and fewer dark corners in which to hide.

Have a pleasant evening.