"As January goes, so goes the rest of the year."
Yale Hirsch, The Stock Trader's Almanac
“As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heel.”
Grover Cleveland (about that other gilded age)
"Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population.
Federal policy is increasingly dictated by the wealthy, by the financial sector, and by powerful (though sometimes badly mismanaged) industries. These policies are implemented and praised by these groups’ willing servants, namely the increasingly bought-and-paid-for leadership of America’s political parties, academia, and lobbying industry.
If allowed to continue, this process will turn the United States into a declining, unfair society with an impoverished, angry, uneducated population under the control of a small, ultrawealthy elite. Such a society would be not only immoral but also eventually unstable, dangerously ripe for religious and political extremism."
Charles Ferguson, Predator Nation, 2012
And it is.
So we bid a fond farewell to January.
Year to Date it looks like stocks are about unchanged to slightly negative.
Gold popped this morning, but was steadily worn down during the day to finished unchanged.
But the mighty, mighty silver held on to its gains and finished the month a bit ahead of the pack.
And that is not counting some of the miners who are finding a boost with the investing public, as it were.
As a reminder only the Wall Street Banks and insiders are allowed to manipulate prices for their advantage, so take note, all you Redditor upstarts and retail peons.
And that goes double for monetary policy, and the subsequent asset bubbles it may evoke, which is formulated to transfer wealth to the top from everyone else, don't ya know.
RHIP
It looks like a nor'easter will be tearing through the tri-state area on Monday.
Don't forget to feed God's lesser creatures.
and perhaps share a kind word and a good deed with one of those who are created in His image, just like you.
Have a pleasant weekend.
