19 March 2019

Stocks and Precious Metals Charts - Stocks Looking Toppy - FOMC Tomorrow

"The more people rationalize cheating, the more it becomes a culture of dishonesty. And that can become a vicious, downward cycle. Because suddenly, if everyone else is cheating, you feel a need to cheat, too."

Stephen Covey

"There are six things the Lord hates, no, seven that are detestable to him:
     proud eyes,
     a lying tongue,
     hands that shed innocent blood,
     a heart that devises wicked schemes,
     feet that are quick to rush into evil,
     a false witness whose mouth pours out lies
       and most of all, a person who stirs up conflicts in a community."

Proverbs 6:16-19

"Be not deceived—  God is not mocked.  For whateverr a person sows, that they shall also reap."

Galatians 6:7

Stocks are looking very toppy, and short term overbought. Particularly tech.  That does not mean that they cannot go higher.

We may have reached that point when most nearly everyone is full of baloney.   It seems to happen every generation or so.  

FOMC tomorrow.

Have a pleasant evening.