"These violent delights have violent ends
Anthonisz, Allegory of Transitoriness
And in their triumph die, like fire and powder."
William Shakespeare, Romeo and Juliet
“He will choose you, disarm you with his words, and control you with his presence. He will delight you with his wit and his plans. He will smile and deceive you, and he will scare you with his eyes. And when he is through with you, and he will be through with you, he will desert you, and take with him your innocence and your pride."
Robert D. Hare, Without Conscience
Stocks finished lower across the board today, as the markets adjust to their recent sharp gains from the bottom, just a month or so ago.
Gold and silver showed the kind of weakness we have come to expect the day after a comex metals option expiration.
Gold seems to be in a triangle pattern that *most likely* will be a continuation pattern for its test of 1800, and beyond.
The big tickle tomorrow will be the advance 1Q GDP numbers, and of course the FOMC rate decision and press conference which will be around 1 PM.
You would hardly notice that the market recently crashed, and in a big way.
I have people ask me even recently if i thought the market would crash. It's like, 'hello?'
I guess our attention span really is that short. Or we are that convinced of our exceptionalism.
We are just still bouncing off the bottom, after the Fed and government literally tossed trillions, directly at the markets and corporate America, with a few crumbs for the sparrows in the public.
I would try not to underestimate the self-absorbed incompetency of the DNC's avaricious and badly-aging elites, but for the most part Trump is pretty much done— you can stick a fork in him.
Yeah, I know, he will maintain a hard core of highly vocal supporters even to the end, but he has lost the big money guys, and most of the discerning public. It was a try for a change, but it flopped.
His political instincts are awful, and his aversion to listening to expert advice is crippling. He should have limited his personal exposure on this viral crisis, which for the most part was badly handled by most of Washington's leadership.
His almost childlike grabbing center stage and inability to recognize and deal with issues in an effective manner tended to highlight his weaknesses as a political leader, which are almost astonishing at times.
And yet he is hardly the worst in the wings of potential leaders from that side of polticial spectrum.
The problem is that there is a huge leadership gap with his stepping off the stage on the other side of the aisle as well. I don't see Biden doing much except safeguarding the status quo ante for corporate America, while paying lip service to change and reform.
And seeing Hillary coming back to the stage for an encore is off-putting for a country yearning for change to say the least. The Democrats need a makeover, badly. They cannot do it for themselves, because they are mired in a credibility trap and big money.
The looting and imbalance will most likely continue, until change comes from some unexpected source and direction.
Have a pleasant evening.
