C.S. Lewis
“We have been called to heal wounds, to unite what has fallen apart, and to bring home those who have lost their way.
Blessed are they who love their brothers and sisters as much when they are sick, as when they are well and of service. And blessed are they who love their brothers and sisters as well when they are far away, as when they are close, and say nothing behind their back that they might not, in love, say before their face.
Keep a clear eye toward life's end. And remember that when you leave this earth, you can take nothing that you have received, but only what you have given.”
Francis of Assisi, Fioretti di San Francesco
"The dawn will come. Disappointment, sorrow, and despair are born at midnight, but morning follows. Let no man pull you so low as to hate him.”
Martin Luther King, A Knock at Midnight
Stocks continued to fail to rally, and continued the declines of September today.
They did bounce off the lows which is mildly constructive.
The way lower is being led by the bubblonians, the big cap techs.
They briefly tagged the 38.2% Fibonacci retracement, for the most recent leg of the bull run.
Let's see if they can maintain themselves here, or slip lower perhaps to test the next major support at 50%, around 13,970 or so.
Gold and silver had a continuation of their rally.
The Dollar was broadly lower against most major currencies, giving up 94 on the DX index.
There will be a Non-Farm Payrolls report on Friday and it could move markets. Or not.
The debt ceiling razzle dazzle is mostly political theater. Wow, what a surprise.
The Fed has utterly disgraced itself with this trading corruption and their response to it.
In addition to their disgraceful abuse of regulatory powers and monetary policy to further line the pockets of the one percent.
We are getting some much needed rain today, although it seems to be making my old injured knee ache.
As my old godfather, a Third Order Franciscan, used to say: Starość nie radość — loosely translated 'old age is no joke.'
Have a pleasant evening.
