M. Scott Peck
“You might as well bang your head into a brick wall if you expect the narcissist to be reasonable, empathetic or human in any way."
Tina Swithin
"Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter... Who acquit the guilty for a bribe, and deprive the innocent of justice."
Isaiah 5:20-23
After some early weakness US equities, led by the story stocks, went on a tear to new highs.
This bubble in valuations is going to leave a mark when it falls back down to the mean.
Gold and silver took another morning hit, in the market's version of Groundhog Day.
There will be an FOMC decision next Wednesday, and a Comex option expiration for the precious metals on Tuesday.
The earnings reports will be rolling out as well, with an emphasis on the big tech names.
Have a pleasant weekend.
