"As God’s chosen people, holy and dearly loved, clothe yourselves with compassion, kindness, humility, gentleness and patience. Bear with each other, and forgive one another if any of you has a grievance against someone. Forgive as the Lord has forgiven you. And over all these virtues put on love, which binds them all together in perfect unity. Let the peace of Christ rule in your hearts, since as members of one body you were called to peace. And be thankful."
Colossians 3:12-15
"God has cared for these trees, saved them from drought, disease, avalanches, and a thousand tempests and floods. But he cannot save them from fools."
John Muir
"There ain't no clean way to make a hundred million bucks. Maybe the head man thinks his hands are clean but somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut from under them and had to sell out for nickels, decent people lost their jobs, stocks got rigged on the market, proxies got bought up like a pennyweight of old gold, and the five per centers and the big law firms got paid hundred-grand fees for beating some law the people wanted but the rich guys didn't, on account of it cut into their profits. Big money is big power and big power gets used wrong. It's the system.
The tragedy of life, Howard, is not that the beautiful die young, but that they grow old and mean."
Raymond Chandler, The Long Goodbye
"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains. And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'"
Rev 6:15-16
Stocks were in a risk on rally higher stampede today.
The spokesmodels were ebullient in a boiling flurry of pom-poms.
Tech took out its prior high in its bearish stepladder decline.
The SP 500 has a little way to go.
As you might have expected the VIX has dropped back down to its recent lows.
The Dollar rose rather strongly as fears of the debt limit receded, for no particular reason.
Gold and silver continued to decline as bully shed his fears and streaked the field.
Banking crisis - over.
War with Russia and Ukraine- meh.
Increasing tensions with China - paper tiger.
Impending domestic recession - not for those who matter.
E pluribus screw'em.
Stock index option expiration tomorrow.
Have a pleasant evening.
