Stocks and Precious Metals Charts - Enervation Nation

“Men are not angered by mere misfortune, but by misfortune conceived as injury.  And the sense of injury depends on the feeling that a legitimate claim has been denied.  The more claims on life they can be induced to make, the more often they will feel injured and, as a result, ill-tempered.”

C.S. Lewis, The Screwtape Letters


"Immaturity is spoiled.  And what is spoiled doesn’t ripen.  It goes bad early, gets bitter, and withers on the vine.”

Gina Barreca


"My desperate prayer is that God would grant me a robust faith sufficient to trust Him not just for one crisis, but for an eternity of miracles.”

Craig D. Lounsbrough

Things are getting to get even more bizarre than they already are.

Get right. Sit tight.

Have a pleasant evening.

Stocks and Precious Metals Chats - A Chill Runs Through Wall Street - A Stumble, But Not Yet a Swoon

Dolly watches the turmoil in the kitchen from the safety of the hallway.

"Think about it, there must be higher love
Down in the heart or hidden in the stars above
Without it, life is wasted time
Look inside your heart, I'll look inside mine.

Things look so bad everywhere
In this whole world, what is fair?
We walk blind and we try to see
Falling behind in what could be.

Worlds are turning and we're just hanging on
Facing our fear and standing out there alone
A yearning, and it's real to me
There must be someone who's feeling for me.

Bring me a higher love
Bring me a higher love
Bring me a higher love
Where's that higher love I keep thinking of?"

Steve Winwood, Higher Love


"Pride goes before destruction, and arrogance before a fall."

Proverbs 16:18


"A new command I give you, to love one another. As I have loved you, so you must love one another. By this all will know that you are my disciples, if you love one another."

John 13:34-35

Stocks were on an utter tear higher, in what looked like a speculative short squeeze.

The lead sled dogs were the 'story stocks' whose fabulous tales are designed to uncouple them from the chains of valuations and common sense.

But alas, a chill wind blew through Wall Street today as stocks reached their summit, and the selling began.

One will say it was because of a new bout of coronavirus and lockdown in California, and another will point to Mike Pompeo calling out China and their claims in the South China Sea.

When we reach these lofty bubble heights it does not take much to start the avalanche of selling.

I trimmed up some short positions this morning, and set off on the troubled seas of installing a new dishwasher.

These older homes are never a plug n' play experience, unless they have been thoroughly remodeled.

The old KitchenAid had done good work since 1991. It's done now, and hopefully someone else can deal with it again, another 29 years from now.

Have a pleasant evening.

Stocks and Precious Metals Charts - Risk On - Among the Lowest Trading Volumes of the Year

"It is possible to make people contented with their servitude.  I think this can be done. I think it has been done in the past.  I think it could be done even more effectively now because you can provide them with bread and circuses and you can provide them with endless amounts of distractions and propaganda.

Aldous Huxley


"The purpose of bread and circuses is, as Neil Postman said in his book Amusing Ourselves to Death, to distract, to divert emotional energy towards the absurd and the trivial and the spectacle while you are ruthlessly stripped of power."

Chris Hedges


"Two things only the people actually desire now— bread and circuses."

Juvenal

Stocks were in melt up mode, especially after Europe went home for the weekend, and the denizens of Wall Street had the playground to themselves.

As you might expect most of the gains were centered on five stocks, the usual 'story stocks.'

Gold was off a bit with the Dollar in keeping with risk on.

But silver managed to pull back and close over the 19 handle. Good job.

We are enjoying a tropical rainstorm today. The winds are not bad at all, but the rain is rather intense at times.

Good. We needed it. The lawns were being baked into bricks.

During a 'mystery visit' at Walter Reed hospital Trumpolini passed a 'cognitive test' and boasted about it on Fox News.

Maybe this is the kind of simple verbal test for early dementia and strokes that doctors give to most of the elderly patients during routine visits. You know, like what year is it, the date, draw the hands on a clock, who is president. Very reassuring that he passed, which according to Trump apparently surprised and amazed the doctors. Congrats Donnie.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant weekend.

"I hope I am over wary; but if I am not, there is, even now, something of ill-omen, amongst us.  I mean the increasing disregard for law which pervades the country; the growing disposition to substitute the wild and furious passions, in lieu of the sober judgment of Courts; and the worse than savage mobs, for the executive ministers of justice.  This disposition is awfully fearful in any community; and that it now exists in ours, though grating to our feelings to admit, it would be a violation of truth, and an insult to our intelligence, to deny. Accounts of outrages committed by mobs, form the every-day news of the times.

At what point shall we expect the approach of danger?  By what means shall we fortify against it?-- Shall we expect some transatlantic military giant, to step the Ocean, and crush us at a blow?  Never!--All the armies of Europe, Asia and Africa combined, with all the treasure of the earth (our own excepted) in their military chest; with a Bonaparte for a commander, could not by force, take a drink from the Ohio, or make a track on the Blue Ridge, in a trial of a thousand years.

At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide."

Abraham Lincoln, Lyceum Address, January 27, 1838

Stocks and Precious Metals Charts - Respite

“The stars move still, time runs, the clock will strike,
The devil will come, and Faustus must be damned...
Mountains and hills, come, come, and fall on me,
And hide me from the heavy wrath of God!”

Christopher Marlowe, The Tragical History of Dr. Faustus


"The Fates are just: they give us but our own;
Nemesis ripens what our hands have sown."

John Greenleaf Whittier

Stocks managed to hold on today.

They are tired after this spectacular speculative run higher.

They could be consolidating, and absent any kind of event to call the bull mania into question, could move higher.

Gold and silver pulled back a back in their own consolidation, and the Dollar edged higher.

Have a pleasant evening.