Stocks continued their rally despite the unsatisfactory economic and corporate news.
They fell back into the close.
Gold and silver were hit and then recovered.
These markets are now less than capital allocation with risk and price discovery, and more like a street game of three card monte.
US consumer confidence has fallen to the lowest level since I was in third grade. And that's a long time.
Monday is Memorial Day. I can remember when it was called 'Decoration Day'.
It started shortly after the Civil War in 1868. It was expanded after WW I to include all those who died in military service.
It was formalized as the federal holiday we have today in 1968.
As we remember those who sacrificed so much for the freedom that we have had in this country, it is a fitting time to remember who we are, the oaths we have taken, and how we have been called to serve, not ourselves, not any man or class, but the loving commandments of He who has laid the foundations of the world.
Have a pleasant weekend.
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