30 May 2018

Stocks and Precious Metals Charts - Never Mind, Risk Back On

"It was miraculous.  It was almost no trick at all, he saw, to turn vice into virtue, and slander into truth, impotence into abstinence, arrogance into humility, plunder into philanthropy, thievery into honor, blasphemy into wisdom, brutality into patriotism, and sadism into justice.  Anybody could do it; it required no brains at all.  It merely required no character."

Joseph Heller, Catch 22

"You are of your father the devil, and your will is to fulfill your father's desires. He was a murderer from the beginning, and does not stand with the truth, because there is no truth in him. When he lies, he speaks from his own character, for he is a liar and the father of lies."

John 8:44

"You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out."

Andrew Jackson

All the fears that drove the markets yesterday were forgotten today.  This is how it is these days in the United States of Amnesia.   We shun the light, and hold our lies close to our hearts.  If you do not like the truth today, just wait—  we will have a new and different set of truths tomorrow.

Since the economic data missed this morning a bit, the fretting about interest rates went off the table. As did all those deep concerns about Quitaly, and geo-political risks, and the rise of populism, and all the rest of those burning issues that drove the traders just yesterday.

Non-Farm Payrolls on Friday.

Are we not exceptional? Are you not entertained?

Need little, want less, love more.

Have a pleasant evening.