“It was not curiosity that killed the goose who laid the golden egg, but an insatiable greed that devoured common sense.”
E.A. Bucchianeri
"God has no pleasure in afflicting us, but He will not keep back even the most painful chastisement if He can but thereby guide His beloved child to come home. A believer may pass through much affliction, and yet secure very little blessing from it all. Abiding in Christ is the secret of securing all that the Father meant the chastisement to bring us."
Andrew Murray
'A true opium of the people is the huge solace of thinking that for our betrayals, greed, cowardice, and murders we are not going to be judged.'
Czeslaw Milosz
US equities were pummeled today with the Dow Jones 'Industrial' Average dropping 600 points.
Selling was strong, led lower by big cap tech and the financial sector.
Apple led techs lower, with plenty of company in the richly valued land of unicorns and bubbles.
Goldman had one of its worse selloffs since 2011, dropping 8 percent. Malaysia says it will seek a 'full refund' from Goldman on the $600 million that they were paid in fees in the infamous !MDB scandal.
So basically it was an unwinding of the core industries of fictionalization, financialization, and leverage.
If healthcare would have joined in the selling it would have a hat trick for the princes of asset bubbles and hype.
The selling has been so broad based of late that the Russell 2000 has joined the club and given up all of its gains for 2018.
Gold and silver were lower on a much higher US Dollar. I have included the dollar chart as the first one below.
There are a number of theories about this dollar strength making the rounds. Some have a measure of validity, but most are just the typical wind that drives the liar's poker forex market.
As a reminder, there will be a stock option expiration on Friday.
A chastisement is coming for this generation. I don't think we really need to ask why.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
Have a pleasant evening.
