SP 500 and NDX Futures Daily Charts - Excelsior

I wish that the Fed and their ilk and the politicians and professional class would concern themselves with the serial bubbles they have been creating in financial paper asset (and studiously ignoring or denying) about half as much as they seem to be worried about increases in wages and employment.

The stock market has left the building called reality and is heading for euphoria.

It may keep going.

Have a pleasant evening.

Just Charts at 2 PM - 'Christmas Party' - Starość Nie Radość

I am taking the queen, by her command, to a 'Christmas party' at the rehabilitation facility where she ensconced for five weeks earlier this year.  It was five weeks because that was all the insurance companies will permit. This is where she was taught to care for herself and get around despite the paralysis, and to speak more clearly again despite the aphasia.

It is also where the caregivers are trained in the ways to care for their loved ones while they recover, or not.  They do remarkable work at this location and the employees are very dedicated.  She said she wished to go so that the staff can see what they had set in motion, and 'just to be with the others.'

Now you know why she is my better half.

I don't like going to parties where I don't know anybody unless I am in a rare mood.  But since she cannot drive, I must honor my personal pledge to take her anywhere she wishes without grumbling.   Except for lady clothing stores, unless there is a Home Depot next door where I can seek a refuge.  There are some standards that must be upheld for the sake of a happy marriage.

Test results this week were better than expected although a follow up in two months is necessary on the usual 'area of interest' on which there is some differing opinions.   It is always something with this kind of illness, that can be managed but not cured.   As my old teacher and much later also my son's godfather used to say, starość nie radość—  old age is no joke.

But all in all this was a very good year, after a particularly rough start.

Tender mercies. Always, the tender mercies, like candles in the darkness.


P.S.  Much later.  Ok, she was right.   I had a great time.   The guy sitting next to me was a riot and the food was great.  The therapists are angels.  These are the gentle people whose campfires of caring cast a light in these times of elephantine greed.

Charts At the Market Close - Central Bank Follies

The markets were still churning around today, going nowhere in particular.

I think that the theory that there was a determined intervention in the markets yesterday in the aftermath of the Italy vote is a reasonable one.

The Banksters and their functionaries learned a lesson from Brexit, although in this case the Italy vote result was widely expected, and turned into a bit of a 'bear trap' engineered by the well-connected.

The credibility trap is a very useful explanation for a number of odd behaviours that we are seeing these days, both in policy, politics, and finance.

How else could someone explain an article such as recently appeared in Fortune with the title, Donald Trump Is Inheriting the Best Economy In a Generation.

Their hypocrisy knows no bounds.

Have a pleasant evening.