Those who have the faith had better keep in the state of grace, for in the coming age there will be only one way to stop your trembling knees, and that will be to get down on them and pray. The forces of evil are united; the forces of good are divided.
The most important problem in the world today is your soul, for that is what the struggle is about."
Fulton J. Sheen
"Do not join your efforts with the false and treacherous, for what does justice have to do with lawlessness? Or what fellowship does light have with darkness? What is there in common between Christ and Belial? What do the faithful have in common with the faithless?"
2 Corinthians 6:14-16
Stocks slumped hard overnight, and in the morning trade, as Russia conducted a large scale incursion into the Ukraine.
Gold and silver and the Dollar soared.
But about midday the markets decided that they were tired of the war, and wanted to move on.
So stocks did a u-turn and rallied hard into the close to finish green.
War, what is it good for? Apparently the US markets.
Gold and silver fell back from their lofty highs and plummeted back into the red.
One day after the Comex option expiration, with the punters holding a lot of new futures contracts.
And they received a fairly substantial 'wash and rinse.'
They often call this 'buy the rumor and sell the news.'
Or in this case I suppose it was 'sell the rumor and buy the news.'
In the short term paper markets in general are just a game of liars poker.
And our financial system has some of the biggest and most shameless liars in the world.
Let's see how we slouch into the weekend.
Have a pleasant evening.
