Stocks and Precious Metals Charts - Quad Options Witching

"May the road rise up to meet you.
May the wind always be at your back.
May the sun shine warm upon your face,
and rains fall soft upon your fields.
And until we meet again,
May God hold you in the palm of His hand."

Today was the quad witching options expiration for stocks.

Stocks finished largely unchanged.

The economic data is coming in mixed as usual. It is very subject to interpretation and bias.

However, one of the clearer things to me at least is that without a decent increase in median wages and quality of jobs, full time and benefits versus part time 'gig' jobs, there will be no sustainable recovery.

This preoccupation with wage growth by the Fed and related economists is hard to stomach, when they turn such a blind eye to gross inequity and financial asset bubbles. Well, we love those whom we serve, and despise the others.

I have been preparing the queen for Spring break. She will be going with one of the god-daughters down South for a week's vacation. And I will certainly miss her, but enjoy a week to myself.

The young man went to Boston with his friends for St. Patrick's Day.  He has now moved out of our house, having just come back last year from Brooklyn to help when the queen was physically disabled.  He wanted to be closer to his university in NYC, and the two hour each way train and subway trip was getting old.   He was a huge help and great company.  He is my joy and my consolation.

So, a week alone with just Dolly. I think after I clean things up a bit, and catch up on the laundry, I might just enjoy some time off. Remodeling the bathroom did cross my mind, but it was a quick crossing. Why spoil a good thing.

Remember God's creatures, and the poor for whom life is hard and who are too often despised by the fortunate as deserving their misfortune. Our failings are bad luck, and our wins are all due to our hard work and natural talent. Little do we realize how 'there but for the grace of God go I.'

Have a pleasant weekend.

Bernie Sanders Goes to West Virginia To Speak With Trump Supporters

But earlier in the week, he [Bernie Sanders] said in a CNN interview that “a total transformation of the Democratic Party” was still in order, and that he had also not yet given the D.N.C. — which he called the “establishment’s house” — access to his campaign email list. “It’s not some magical system,” Sanders told me, disdain dripping off the word “magical.” “How do we bring in, how do you raise money from, those people?  You know what?  You’ve got to stand for something.”

I asked him if he thought the Democratic Party knew what it stood for. “You’re asking a good question, and I can’t give you a definitive answer,” he said.  “Certainly there are some people in the Democratic Party who want to maintain the status quo.  They would rather go down with the Titanic so long as they have first-class seats.”

Charles Homans, NY Times Magazine, The New Party of No

Caution on Language

Stocks and Precious Metals Charts - Bears Make Money, Bulls Make Money

It's an old Wall Street saying that 'bears make money, bulls make money, but pigs get slaughtered.'

I think that observation might also apply to those who make public policy, those in the political and professional classes. And brother, they seem to be wanting to go whole hog.

I am afraid a lot of people who thought they were going to get one thing and going to get another, and in spades. Well, as noted here often, one makes their choices, and then takes the consequences. Not that I have any special talent for being right. But if you do all things with love, I think the consolations of even the poor decisions makes it all come out better in the longer run.

Today Wall Street paused after the 'Fed is dovish' rally yesterday. The Fed will make hawkish noises because they are starting to fear their latest bubble, but their resolve is thin. They can look at the real numbers as easily as we can, and they do not support a recovering real economy by any means.

Gold and silver made another push higher on the weaker dollar, and then fell back a bit into the close on profit taking. Not everything has to be manipulation. But there is certainly enough of that going around that only the willfully blind or naive cannot see, and I no longer have any patience with that sort of behaviour.

But why argue with scoundrels.  We'll let the market sort it all out, eventually.

I like the chart action so far. Let's see what happens next.

Have a pleasant evening.