"Wash the plate, not because it is dirty, or because you are told to wash it, but because you love the person who will use it next."
"In no sense is this QE." - Jay Powell
Mother Teresa of Calcutta
"How contrary are the teachings of Jesus to the feelings of nature. Without the help of His grace it would be impossible not only to put them into practice, but to even understand them.
Holiness consists simply in doing God's will, and being just what God wants us to be. Our Lord does not look so much at the greatness of our actions, or even at their difficulty, but at the love with which we do them. Without love, deeds, even the greatest, count as nothing.”
Thérèse Martin de Lisieux
"We pray for the big things, and forget to give thanks for the ordinary, small, and yet really not so small, blessings.”
Dietrich Bonhoeffer
Stocks were sharply higher on the open, on enthusiasm sparked by stimulus to their domestic markets by the Peoples' Bank of China.
The futures pulled back sharply in the first hour to almost unchanged, and then slowly gathered themselves and rose to new highs in the late afternoon hours.
This was clearly a momentum trading rally, and part short squeeze.
Gold and silver were higher along with the dollar, while VIX fell.
And thereby I am calling it 'the everything rally.'
The spokesmodels were talking about 'the new normal' on financial TV this afternoon.
This is going to be a very interesting year.
Have a pleasant evening.
