27 January 2021

Stocks and Precious Metals Charts - Better Call Powell - Bad Day for Stocks

 

“We may ignore, but we can nowhere evade, the presence of God.  The world is crowded with him. He walks everywhere incognito."

C. S. Lewis

 

"I am so resplendent in my creation that in order not to see me these poor people would have to be blind." 

Charles Péguy, Le Porche du Mystère de la Deuxième Vertu

 

"Our faith is stronger than death, our philosophy is firmer than flesh, and the spread of the Kingdom of God upon the earth is more sublime and more compelling.  

The greatest challenge of the day is: how to bring about a revolution of the heart, a revolution which has to start with each one of us?" 

Dorothy Day

 

Most stocks that have some connection to reality were hammered lower today. 

This is bubble action. when the selling starts in earnest, almost everything gets sold. 

And despite the elevated perception of risk, as clearly shown by the VIX, the mineres were sold heavily as well. 

Let's see how the rest of the week goes. 

Thanks to my friend Tony S for the 'Better Call Powell' idea.

Have a pleasant evening.