"One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them."
Thomas Sowell
"A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others. Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures.”
Fyodor Dostoevsky, The Brothers Karamazov
“What shall I say about this generation? John the Baptist did not drink wine, and often went without food, and you called him mad. And I, the Messiah, both eat and drink, and you say that I am a glutton and a drunk, and am friends with the worst sort of sinners. The truth of you will be known by your works."
Matt 11:16-19
Stocks finally managed to rally into the close, led largely by the narrowing advance of big tech.
This is starting to resemble the peak of the tech stock bubble. It is a rally to nowhere.
The Dollar also finished higher.
Gold gave up some of its gains but managed to close in the green. Silver gave up a little.
Both metals are coiling within a range, and may keep doing so into the FOMC and Comex option expiration next week.
Have a pleasant evening.
