“The main condition for the achievement of love is the overcoming of one's narcissism. The narcissistic orientation is one in which one experiences as real only that which exists within oneself, while the phenomena in the outside world have no reality in themselves, but are experienced only from the viewpoint of their being useful or dangerous to one.
Surfing Newark Bay and the Bayonne Bridge
The opposite pole to narcissism is objectivity; it is the faculty to see other people and things as they are, objectively, and to be able to separate this objective picture from a picture which is formed by one's desires and fears.”
Erich Fromm, The Art of Loving
Stocks were weak most of the day.
In the afternoon the World Health Organization (WHO) gave its report on the coronavirus, and declared it a global emergency, but held off declaring travel bans, trusting to China and the nations to take the appropriate measures.
And that put a fire under stocks, and tossed risk concerns to the winds.
After the bell Amazon announced 'better than expected' numbers and big tech soared, with Amazon joining the Trillion Dollar Market Cap club.
Gold and the Dollar and VIX gave it up as it became clear that Davos Man has once again defied reality.
Have a pleasant evening.
