“Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking...
People need to be blinded by knowledge—we are made to follow leaders who can gather people together because the advantages of being in groups trump the disadvantages of being alone. It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”
Nassim Taleb, The Black Swan
Today was definitely a 'risk on' day.
The VIX dropped sharply.
Gold, silver and the dollar all declined.
Stocks rallied sharply.
There will be a Comex metals option expiration on the 25th.
Speaking of risk on I have a long awaited appointment for the covid vaccine tomorrow afternoon, some distance away.
I will probably not bother to post tomorrow night unless something interesting happens or this goes more smoothly than anticipated.
Let's see what happens.
Have a pleasant evening.
