30 July 2020

Stocks and Precious Metals Charts - Thurston Powell III - The FANGs Report After the Bell

"But, outside the realm of business, these men are stupid.  They know only business.  They do not know mankind nor society, and yet they set themselves up as arbiters of the fates of the hungry millions and all the other millions thrown in...

You are anarchists in the realm of thought.  And you are mad cosmos-makers.  Each of you dwells in a cosmos of his own making, created out of his own fancies and desires.  You do not know the real world in which you live, and your thinking has no place in the real world except in so far as it is phenomena of mental aberration.

We know, and well we know by bitter experience, that no appeal for the right, for justice, for humanity, can ever touch you.”

Jack London, The Iron Heel

"I willingly believe that the damned are, in one sense, successful, rebels to the end;  that the doors of hell are locked on the inside.   I do not mean that they may not wish to come out of hell, but they certainly do not will even the first preliminary stages of that self-abandonment through which alone the soul can reach any good. 

They enjoy forever the horrible freedom they have demanded, and are therefore self-enslaved: just as the blessed, forever submitting to obedience, become through all eternity more and more free."

C. S. Lewis

Alphabet, Amazon, Apple and Facebook are reporting earnings after the bell.

All of them are beating estimates of course.

AAPL has announced a 4 for 1 stock split.

Gold and silver were off a bit today, and the Dollar slumped lower, falling into the 92 bucket.

Stocks were weak on the overnight.

I took profits on an overnight short position in the first hour of trading. And that proved to be a good move, as stocks tended to drift higher during most of the day.

Google Blogger has changed the interface with which I create these blog postings.  And it no surprise that it offers no advantages or advanced features, and makes it much more difficult to do what one normally does.   It is like they went out of their way to throw away useful capabilities and dumb down the platform.   And of course there is no way of offering feedback.  And none has been solicited.

Very disappointing and annoying to say the least.  Not what we have come to expect.

Well, at least the price is right, so I suppose it would be very ungrateful to complain about it.

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Have a pleasant evening.