"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."
Chalmers Johnson
"This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price. And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."
Simon Johnson, The Quiet Coup, May 2009
“Nearly all vices are rooted in the future. Gratitude looks to the past and love to the present; fear, avarice, lust and ambition look ahead.”
C.S. Lewis, The Screwtape Letters
"When he came to the other side, to the territory of the Gadarenes, two demoniacs who were coming from the tombs met him. They were so savage that no one could travel by that road. They cried out, 'What have you to do with us, Son of God? Have you come here to torment us before the appointed time?' Some distance away a herd of many swine was feeding. The demons pleaded with him, 'If you drive us out, send us into the herd of swine.' And he said to them, 'Go then!' They came out and entered the swine, and the whole herd rushed down the steep bank into the sea, and was drowned."
Matthew 8:28-32
It was a 'risk on' day to kick off the third quarter.
Stocks rose higher, clearly led by the big cap tech stocks, as intraday the NDX set another all time high.
Lagging were the SP 500 and the broader Russell 2000.
This is another new era tech stock bubble.
Gold and silver took a serious hit, not all that uncommon the day before a Non-Farm Payrolls report.
The Dollar edged lower.
The FOMC minutes suggest that the Fed will be buying bonds at non-market prices for many years.
This could be a test of the Malignant Monetary Theory.
As a reminder this will be a holiday-shortened week, with Friday observed for the 4th of July this weekend.
Justice is coming.
Have a pleasant evening.
