Robert Peate
“As long as there are crazed or crafty leaders to play on old fears, a mob will turn cruel.”
Leigh Brackett
“Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole.”
Robert Heller, Federal Reserve Board, 1989
“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”
C. Wright Mills, The Power Elite
Stocks were off again today.
The big cap techs in the NDX futures have now been lower for five straight days.
Gold and silver both rallied back a bit, but still lower after the recent bear raids.
The Dollar finished largely unchanged.
There will be a quad witch option expiration on Friday.
Have a pleasant evening.
