William Hazlitt
"Not everyone who calls out to me, 'Lord! Lord!' will enter the Kingdom of Heaven, but only those who actually do the will of my Father in heaven."
Matt 7:21
"No one can serve two masters, for he will hate the one and love the other, or he will be devoted to the one, and be neglectful of the other; and so you cannot serve both God and Mammon."
Matthew 6:24
"Do you think he is so unskilful in his craft, as to ask you openly and plainly to join him in his warfare against the Truth? No; he offers you baits to tempt you. He promises you civil liberty; he promises you equality; he promises you trade and wealth; he promises you a remission of taxes; he promises you reform.
This is the way in which he conceals from you the kind of work to which he is putting you; he tempts you to rail against your rulers and superiors; he does so himself, and induces you to imitate him; or he promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them. He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods.
Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."
J.H.Newman, The Times of Anti-Christ, 1890
Stocks had some broader appeal in the Russell 2000 for example, which is often an indication of a rotation into cyclicals.
The strength shown in the recovery of the SP 500 and NDX in the afternoon trade to about unchanged was very narrow indeed, and largely due to a bubble in the valuation of Tesla.
Gold and silver rallied back a bit, while the Dollar fell off the 94 handle.
There will be an FOMC decision this week on Wednesday, and the Non-Farm Payrolls report for October on Friday.
Have a pleasant evening.
