17 May 2022

Stocks and Precious Metals Charts - Where are the Snows of Yesteryear - Götterdämmerung


"¿Qué fue entonces del rico y de su poderío
de la vanaglorïa, de su orgulloso brío?
Todo ya es pasado y corrió como río;
de todo su pensar fincó él mucho frío."

Pedro López de Ayala, Ubi sunt

"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath close' d Helen's eye.
I am sick, I must die.
Lord, have mercy on us.

Thomas Nashe

"Et Jehanne, la bonne Lorraine,
Qu'Anglois bruslerent à Rouen;
Où sont-ilz, Vierge souveraine?
Mais où sont les neiges d'antan."

François Villon,  Ballade des dames du temps jadis

"Wir sind aus solchem Zeug wie das zu Träumen...
Und drei sind Eins: ein Mensch, ein Ding, ein Traum."

H. von Hofmannsthal


"For what does it profit a man, to gain the whole world, but lose his soul?"

Mark 8:36

Stocks managed to find a footing and hold an advance higher, going out near those highs of the day. 

Gold and silver were off a bit, despite the Dollar falling quite a bit down into the 103 handle.

The VIX fell back down to its 50 day moving average.

The underpinnings of the economic recovery are as full of holes as the bubbles in equities.

There will be a stock option expiration on Friday.

We have raised a mighty edifice, that overshadows the globe.

Surely we shall endure.  

For are we not wonders, the paragon of history, exceptional?

Have a pleasant evening.