"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer
The market action was technically volatile and ugly, with a strong downside bias. The Russell 2000 Chart shows a definite divergence to the upside and the best hope for the bullish case.
Today with the simultaneous declines in the major US stock indices, the Treasury long bonds, and the US dollar we had the first indication that capital flight might be occurring. We'll have to see that continue next week to start regarding it as a trend.
