"The problem with movies and books is they make evil look glamorous, exciting, when it's no such thing. It's boring and it's depressing and it's stupid. Criminals are all after cheap thrills and easy money, and when they get them, all they want is more of the same, over and over."
William Blake, Satan In His Original Glory
Dean Koontz
“That is, of course, the kind of perspective we expect from mobsters, dictators, and others whose primary regard is for unflinching support, not for allegiance to truth or facts.”
David Cay Johnston
"Wisdom breathes life into her children
and admonishes those who seek her.
He who loves her loves life;
those who seek her will be embraced by the Lord.
But if he fails her, Wisdom will abandon him
and deliver him into the hands of despoilers."
Sirach 4:11,19
Stocks had trouble figuring out what to do with themselves today.
The futures managed to stick another declining day in the face of overhead resistance.
Only the Fed's excess liquidity is keeping this pig afloat now. But they do seem to be determined.
Gold and silver were off a bit as the mispricing of risk continues. VIX was lower and the Dollar was flat.
A gut check ahead of an active month's option expiration is not unexpected, especially after a nice run up and a short term overbought condition.
Have a pleasant evening?
