“You cannot imagine what sorrow and anger seize one's whole soul when a great idea, which one has long and piously revered, is picked up by some bunglers and dragged into the street, to more fools like themselves, and one suddenly meets it in the flea market, unrecognizable, dirty, askew, absurdly presented, without proportion, without harmony, a toy for stupid children.”
Fyodor Dostoyevsky, The Possessed
Stocks caught a bit of a bounce today, from the varying and shifting interpretations of just what the heck is going on in the geopolitical arena.
The failure of stocks to rally despite the light selling volumes is not a constructive sign. However, this lack of buying does not serve to set up a major 'crash' in the ten percent region. But it does serve to remind one of the fragility, selectivity, and somewhat ephemeral nature of The Recovery™.
How remarkable it is, that there are those who argue fervently for austerity and tough love for others, and how the opposite camp argues just as vociferously for 'stimulation' and easy money, for essentially the same unreformed system that is founded in systemic fraud and injustice.
Is it a surprise that 'easy money' from the Fed is flowing only to the wealthiest few, to the Banks and the corporations that surround them who use the funds to purchases other companies to erect even greater monopolies, to buy back their stocks and pay bonuses and dividends, and to continue the huge flow of money to Washington and London to uphold the rights and the primacy of the new corporate godheads.
What a world. These days it is truly a 'burden to be educated,' not only in the sense of having enormous and often unpayable student debts, but the burden of having to think for oneself, and not be able to live comfortably, blind to the lies, that is provided by a slavish devotion to one ideology or the other of those who are among the possessed.
Have a pleasant evening.
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