"Love is the crowning grace of humanity, the holiest right of the soul, the golden link which binds us to duty and truth, the redeeming principle that chiefly reconciles the heart to life, and is prophetic of eternal good."
Petrarch
Stocks were in a swoon today after the much worse than expected ADP employment data, as shown below.
The Fed's Yellen also noted that the valuations of US equities were 'high.' And they are, but this fact does not please Wall Street.
Volumes were light, and so the money and stock manipulation crowd were able to get stocks at least back off their lows.
Non-Farm Payrolls may reflect nothing of the ADP report. They will be adding plenty of imaginary jobs, and seasonalizing the harsh realities.
One thing of which we may be sure, that the grift will continue while there is any strength left in their manipulative hands. The chance of reform from within is almost nil. There is no reasoning with such self-absorbed irrationality.
Have a pleasant evening.
