"I just want to tell you that in these times, we have to unify. We have to come together and send one very clear, strong, unmistakable message, that acts or threats and political violence of any kind have no place in the United States of America...
A very big part of the anger we see today in our society is caused by the purposely false and inaccurate reporting of the Mainstream Media that I refer to as Fake News. It's gotten so bad and hateful. Mainstream media must clean up its act, FAST."
Donald J. Trump
“Abusers blame the world - circumstances, other people - for their defeats, misfortune, misconduct, and failures."
Sam Vaknin
"You might as well bang your head into a brick wall if you expect the narcissist to be reasonable, empathetic or human in any way."
Tina Swithin
Stocks came in plunging this morning after the shock results of the big lead sled dogs Amazon and Alphabet after the bell last night.
After Asia and Europe when to bed the markets were 'taken in hand' and the indices were gradually led upwards, led by tech.
The dollar was off a bit, and gold and silver gained a bit, but gave up a good chunk of their morning 'safe havens' trade.
There is still a decided lack of fear, signalling that there has been no capitulation bottom, despite the elevated VIX.
As one of the spokesmodels sagely noted this morning as the Dow Industrials plunged, 'this is just a little sell off.'
Where are investors going for a safe haven trade? High Yield 'Junk' Bonds. You can't make this stuff up.
This is just the first course in a banquet of consequences.
GDP came in higher than expected, thanks largely to a low-ball on the price deflator at 1.7%.
The Fed is still likely to take another rate increase in December, unless the markets completely fall out of bed. The Fed is raising rates for its own purposes, to get off ZIRP and give themselves some policy room when this latest asset bubble they created blows up.
There will be a Non-Farm Payrolls report next week.
Need little, want less, love more. For those who abide in God abide in love, and love in them.
Have a pleasant weekend.
