Harvey Cox, The Market as God
"The foolish ask nothing better than not to have to understand anything, and they even used to get together and try not to understand, because the last thing of which a person is capable is to be malicious and foolish all by themselves. Without understanding, they form spontaneously into herds, not according to any particular affinities but in obedience to the petty ideology, which swallowed up the whole of their small lives, allotted them by birth or chance. They would far rather kill than have to think."
George Bernanos, Under the Sun of Satan
"Imaginary evil is romantic and varied; real evil is gloomy, monotonous, barren, boring. Imaginary good is boring; real good is always new, marvelous, intoxicating. Evil when we are in its power is not felt as evil, but as a necessity, or even a duty."
Simone Weil
"The most important problem in the world today is your soul, for that is what the struggle is about."
Fulton Sheen
“And they asked him, 'Where will this happen, Lord?' And He said to them, 'Where death is, so there will be a gathering of vultures.'”
Luke 17:37
Stocks managed to gather themselves and rally in the afternoon, although techs finished well of the highs.
All eyes are on the SP500, and its bid for a new high.
The Michael Milken Conference is ongoing this week in Beverly Hills, and pundits have been appearing from there frequently during the day on financial television to inform us.
About as insular and myopic as you might expect from such a gathering. Kind of a frat party for the pampered princes of finance.
Gold and silver were up with the Dollar.
The VIX hit another near term low. The lowest since the beginning of the pandemic I believe.
Gradually, then all of a sudden.
And they never see it coming.
They don't care, and we don't believe in it.
Have a pleasant evening.
