04 February 2020

Stocks and Precious Metals Charts - Davos Man Triumphant - Fanfare for the State of the Union


“Today we live in a society in which spurious realities are manufactured by the media, by governments, by big corporations, by religious groups, political groups.  So I ask, in my writing, 'what is real?', because unceasingly we are bombarded with pseudo-realities manufactured by very sophisticated people using very sophisticated electronic mechanisms.  I do not distrust their motives; I distrust their power.  They have a lot of it."

Philip K. Dick


"You shall not offer your children as a sacrifice to the fires of Moloch, and profane the name of your Lord."

Leviticus 18:21


“The measure of a man is what he does with power.”

Plato


"All the world marveled at this, and gave their allegiance to the Beast. And they worshiped the dragon for giving such power to him. as they also worshiped the Beast. 'Who is as great as the Beast?' they exclaimed. 'And who is able to resist him?'   And the Beast was allowed to commit great blasphemies against God."

Revelation 13:3-5

Stocks, led by big cap tech and Tesla, went parabolic today in part momentum trade and a large part short squeeze.

As for the coronoavirus and the economic slowdown, tomorrow is another day for such relatively trivial concerns.

I am an admirer of Elon Musk and the work he has done with Space X.

The valuation of Tesla Motors is insane.

All we are missing now are the cannons shooting gerbils.

The safe havens were hammered as one might expect in such an immolation of risks and cares.

The coverage of the Iowa caucus voting last was so badly done on MSNBC that for a while I watched CNN, which I think is the first time since the Iraq War I.   The lesser of two evils, to borrow a meme.

Someone at the DNC should step down.  Tom Perez might be a start. 

The State of the Union address will be tonight.   The stock market has provided the proper fanfare for the Donald.

Have a pleasant evening.