It is important to observe that nowhere is it suggested that Dives' wealth is ill-gotten nor that Lazarus was his victim. The sin of Dives is that, cushioned by his lavish life-style, he was simply oblivious to the presence of a beggar at his gate."
Wilfrid Harrington
“Then the rich man said, ‘I beg you, Father Abraham, send Lazarus to my father’s house. For I have five brothers for him to warn, so that they also will not come to this place of desolation and torment.’ But Abraham said, ‘They have Moses and the Prophets. Let them listen to them.’
But the rich man again said, ‘No, Father Abraham, but if someone from the dead comes back and speaks to them, they will repent.’ And Abraham said, ‘If they do not listen to Moses and the Prophets, neither will they listen if someone tells them who has risen from the dead.’”
Luke 16:27-31
"They may take on the appearance of righteousness, but deny its redeeming power."
2 Timothy 3:5
"'No man can serve two masters. He will either hate the one and love the other, or be devoted to one and despise the other. You cannot serve both God and mammon.' The Pharisees, who were money loving and covetous, heard all these things and sneered at him. And Jesus said, 'You justify yourselves in the sight of others, but God knows your hearts.'"
Luke 16:13-14
Stocks were trading weakly overall today on fresh concerns about regional bank weakness.
The Dollar rallied higher.
Gold, and especially silver, got nailed from their recent highs.
The VIX fell.
The PPI data this morning was not particularly significant.
The numbers of the newly unemployed were higher than anticipated, but this is a volatile and 'noisy' number which should probably not enter into short term trading decisions.
Or not.
The purpose of the wiseguys and their algos is to churn you, in and out of positions.
You may be better off taking modest positions for a longer term and then just leave them alone.
Have a pleasant evening.
