Doug Kass, Ten Laws of Stock Market Bubbles
"Mischief springs from the power which the monied interest derives from a paper currency which they are able to control, and from the multitude of corporations with exclusive privileges-- which are employed for their benefit."
Andrew Jackson
“Human nature being what it is, small loopholes are likely to be exploited until they become big ones, and big ones until they turn into financial disasters.”
Seth Klarman
“The business model of Wall Street is fraud. Wall Street won’t change until we make it clear that no bank is too big to fail and no CEO is too big to jail. Billionaires and Wall Street should not be buying elections. The reason that Congress isn’t doing what the overwhelming majority of Americans wants has everything to do with the power of the monied interests. Let us bring our people together to take on and defeat a ruling class whose greed is destroying our nation. Our government belongs to each and every one of us, not just the few.”
Bernie Sanders
Stocks were in party mode today, rising on a continuing tide of self-assurance.
Gold and silver were off a bit in this risk on mode.
And so too was the Dollar lower, and the VIX.
Everything is coming up roses.
Non-Farm Payrolls tomorrow.
Wall Street is looking for a solid number.
Have a pleasant evening.
