Aldous Huxley, The Devils of Loudon
"All of the traditional religions teach that human beings are finite creatures and that there are limits to any earthly enterprise. A Japanese Zen master once said to his disciples as he was dying, 'I have learned only one thing in life: how much is enough.' He would find no niche in the chapel of The Market, for whom the First Commandment is 'There is never enough.' Like the proverbial shark that stops moving, The Market that stops expanding dies. That could happen."
Harvey Cox, The Market As God
"A society that narrows the meaning of 'success' to the big money, and in its terms condemns failure as the chief vice, raising money to the plane of absolute value, will produce the sharp operator and the shady deal."
C. Wright Mills
“Possibly the most devastating realization of all is when the real God shows up, and in the showing up all of this comes crashing down.”
Craig D. Lounsbrough
Stocks were coming in higher this morning, and gold and silver were smacked down.
And voila, all of this reversed by the end of the day.
What a surprise.
The Dollar, VIX, gold and silver moved higher.
Stocks went out near the lows.
Bitcoin fell, even as the spokesmodels cheered its performance and durability in the morning vis a vis gold.
Let's see what happens geopolitically over the weekend.
Options expiration for stock indices next Friday.
See you next week.
