"It was for this world that Christ had died: the more evil you saw and heard about you, the greater the glory lay around the death; it was too easy to die for what was good or beautiful, for home or children or civilization--it needed a God to die for the half-hearted and the corrupt.”
Graham Greene, The Power and the Glory
"Evil is ultimately self-destructive. Evil may set out to corrupt others, but in the process corrupts itself.”
John Connolly, The Infernals
Fīat jūstitia ruat cælum. Let justice be done, though the heavens may fall.
"Far be it from any of us to be of those simple ones, who are taken in that snare which is circling around us! Far be it from us to be seduced with the fair promises in which Satan is sure to hide his poison!
Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth? No; he offers you baits to tempt you.
He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."
J.H.Newman, The Times of Antichrist
Stocks sold off quite hard today, although they did manage to find a footing on some key support.
Still, if there is more follow through to the downside this week, the situation could become more serious.
And in general you know that is it a hallmark of a major top if the rally back fails to set a new high.
Gold got some legs today in what was clearly a flight to safety. Silver was flat, but surprisingly the Dollar itself was lower. The VIX was elevated.
One can speculate about the cause of the decline. Early thought pointed to the miss on Consumer Confidence, which seems a bit of a stretch.
I came into the day with a fairly good sized short index position, and took it off into the closing hour.
Why did stocks decline as they did today? I think it was more buying exhaustion than anything else. The chart looked like it was finally ready to roll over.
It seems like the madness of King Trump's recklessness is weighing on the markets.
I am certainly no fan of Joe Biden, who has a long record as a corporatist tool. And certainly not of Trump, who I suspect may wish to be impeached, and be remember by some as a martyr, and spare himself the humiliation of losing badly in the next election.
Let's see the facts come out— all of them.
Let justice be done, though the heavens may fall.
Have a pleasant evening.
