Stocks and Precious Metals Charts - The Calling of Matthew - US Markets 'Goldilocks' Rally Into Holiday Weekend

 

"As Jesus left there he passed by a man named Matthew, sitting at his desk in the tax-collector’s office. “Follow me!” he said—and the man got to his feet and followed him. 

Later, as Jesus reclined at a table in Matthew's house sitting, a good many tax-collectors and other notorious sinners came in and sat with him and his disciples. The Pharisees noticed this and said to the disciples, 'Why does your master have his meals with tax-collectors and sinners?' 

But Jesus heard this and said, 'Those who are strong and flourishing do not have need of a physician, but rather those who are weak and afflicted.   Go now, and think about what this Scripture means: ‘I desire that you show mercy, and not sacrifices.'”

Matthew 9:9-13

 

"It is very easy to get drunk with hate. Hate is like the glass of whisky which is given to the soldiers before a bayonet charge. Whisky stimulates but does not nourish.  Hate is not creative, only love is creative.” 

Maximilian Kolbe, Auschwitz

 

"Kolbe looked directly and intently into the eyes of those entering the cell.  Those eyes of his were always strangely penetrating.  The SS men couldn’t stand his glance, and used to yell at him, Schau auf die erde, nicht auf uns!  Kolbe was a psychic trauma, a shock for the SS men who had to bear his look, a look that hungered not for bread, but to liberate them from evil."

Bruno Borgowiec, a prisoner at Auschwitz

 

A good solid 'Goldilocks' number. 

This was the pom-pom punctuated chant of the Wall Street pundits and spokesmodels today.

The SP 500 and particularly the big cap tech laden NDX rose to new highs today.

But on lighter than usual volumes.

The adults in the room went on holiday around mid-day and closed the door to the bond market behind them.

Gold and silver bounced briskly off the end-of-quarter smacking they took the other day.

What a surprise.

Let's see if they can build off this latest event driven double bottom.

Survey says 'probably.'   lol

Barring some unforeseen event, it looks like a teeth-chattering correction in the markets will be due around mid to late August, with echoes into September, and perhaps beyond. 

So until then, all is well, right?

The US markets will be closed for the July 4^th holiday weekend on Monday.

Have a pleasant weekend.