"Pride is the first sin, the very negation of humility, and of the devotion and sacrifice of the Cross. Greed and indifference to others, lawlessness and betrayal, are the daughters of Pride, the father of all sin. The unsustainable will not be sustained. God's wrath grows fierce. Nemesis awaits. Pride and its sins are the chains that imprison Satan and the damned in their hell." Jesse, Resist the Daughters of Pride, March 2024
They say one picture is worth a thousand words (and a big thanks to TheContraryInvestor for the chart. His weekly reports are invaluable.)
Here is why the slumping airlines do not affect the Dow Transports Index significantly.
We do not understand the rationale, but we were quite surprised to see how little they contribute to it.
