Stocks and Precious Metals Charts - Hearts of Darkness

 

"We suspect strongly that history will view the last 20 years as a period of collective madness in the United States.   It is a madness brought on by the gods to the proud and those who would be as gods, but stumble and fall through a tragic flaw, an error in judgement.  Often that flaw is related to the strength that had made them great.  The US can fall from greatness through pride and imbalanced judgement, and therein lies the recipe for tragedy."

Jesse, 15 April 2008 

 

"What I have called  the trousered ape and the urban blockhead may be precisely the kind of man they really wish to produce.  They may be intending to make a clean sweep of traditional values and start with a new set." 

C.S. Lewis, The Abolition of Man

 

"These are peoples that have lost the power of astonishment at their own actions. When they give birth to a fantastic fashion or a foolish law, they do not start or stare at the monster they have brought forth. They have grown used to their own unreason; chaos is their cosmos; and the whirlwind is the breath of their nostrils.  These nations are really in danger of going off their heads en masse; of becoming one vast vision of imbecility, with toppling cities and crazy countrysides, all dotted with industrious lunatics.” 

G.K. Chesterton, In Defense of Sanity 

 

"Your adversary, the devil, prowls the earth like a roaring lion, seeking those whom he may devour." 

1 Peter 5:8

 

"Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth?  No; he offers you baits to tempt you.  He prompts you what to say, and then listens to you, and praises you, and encourages you.  He bids you mount aloft.  He shows you how to become as gods.  Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his." 

J.H.Newman, The Times of Antichrist

 

Stocks rallied today as some Fed heads sought to reassure the markets that their action would not be excessively bubble-unfriendly. 

The Dollar fell again.

Gold and silver rallied in the morning, but fell in the afternoon trade to maintain some thinner gains.

The VIX dropped.

There are numerous earnings reports this week.

Non-Farm Payrolls on Friday.

 Let us commend ourselves to the mercy of God.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Shenanigans Watch - Bulls Rally, Non-Farm Payrolls Friday

 

"And crying out with a loud voice, the man said, 'What business do you have with me, Jesus, Son of the Most High?   For God's sake, do not torment me.'   For Jesus had said, 'Come out of the man, unclean spirit.” 

Jesus asked, 'What is your name?'  And the spirit replied, 'My name is Legion, for we are many.'  And the spirit begged him not to banish them. 

Now a great herd of pigs was grazing on the hillside, and the spirits begged him, saying, 'Send us to the pigs; let us enter them.'   So he let them.  And the unclean spirits came out, and entered the swine, and the herd, numbering about two thousand, rushed down the steep bank into the sea and were drowned." 

Mark 5:7-13 

 

Stocks were in rally mode today as the Street shook off all its concerns from last week, and let the good times roll.

The Dollar and the VIX dropped from their recent highs.

Gold and silver rebounded a bit from the pummeling they took last week.

There will be a Non-Farm Payrolls report on Friday.

It is anticipated to be weak, because the numbers were reported during the height of the recent surge in the omicron variant of the Covid virus.

Have a pleasant evening.

Stocks and Precious Metals Charts - Let It Snow - Bomb Cyclone Nor'easter Rolls Up the Coast

 

"Unfortunately there is a small but powerful oligopoly of privilege that is trying to project themselves onto the global stage while believing that they are immune to ordinary consequence, and have become addicted to the notion that 'others must pay' for their failures. 

Moral hazard comes from rewarding bad behaviour in markets with wristslaps and bailouts.  It is a danger to the economy and to the public." 

Jesse, Moral Hazard, 22 March 2008

  

"I told you once that I was searching for the nature of evil.  I think I've come close to defining it: a lack of empathy.  It's the one characteristic that connects all the defendants.  A genuine incapacity to feel with their fellow man.  Evil, I think, is the absence of empathy."

 Gustave M. Gilbert, prison psychologist at Nuremburg

 

“Similarly this applies to those who are fearful, for they are so gripped by their own worries that they ignore the suffering of others.” 

Thomas Aquinas

 

Stocks managed to claw back into the green after another volatile day. 

Gold and silver were hit again.

The Dollar chopped sideways.

We will be getting the January Non-Farm Payrolls report next Friday.

Have a pleasant weekend.