19 May 2020

Stocks and Precious Metals Charts - Technical Reactions - Introspective Market

"Nothing is more steady than the journey into the abyss."

Juli Zeh, Spieltrieb

"All empires fall, eventually.  But why?  It’s not for lack of power. In fact, it seems to be the opposite.  Their power lulls them into comfort.  They become undisciplined.  Those who had to earn power are replaced by those who have known nothing else.  Who have no comprehension of the need to rise above base desires."

Max Barry, Lexicon

"The German people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their depredations; and of course they do so.  Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal lack of conscience from which they will never, ever awake?"

The White Rose, Second Leaflet

Stocks soared yesterday, and today they were able to strike a new high note, and then fell back for a loss in the afternoon.

Surprisingly enough the NDX closed that old gap in the blow off bubble top of a few months ago.

Well done Fed.

Gold and silver, which were smacked down yesterday, gained it back today.

The Dollar lost some more ground.

The vaccine from Moderna, which was so highly touted for the rally yesterday, seems less substantial today.

And the selling by insiders of their stock certainly raises an eyebrow or two.

People are foolish. They think that they are winning. But they no longer understand the nature and the wagers of the game that they are playing.

Stick a fork in Donny— he's done.

Weighed, and found wanting.

Have a pleasant evening.