"The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Plunder, rape, and murder they falsely call empire; and where they make a desert, they call it peace."
Tacitus
On Friday I asked rhetorically, 'where is the risk in these markets?'
And here it was today.
Stocks flopped fairly hard from the open and lost ground for most of the day.
Some determined dip-buying brought them back off the lows of the day.
The VIX, a measure of volatility, raised its head quite sharply above its 200 DMA, which had marked its upper bound in a trading range for some time.
The Dollar and gold fared reasonably well as safe havens. Silver not as much.
Denial and delusion is quite prevalent in many circles.
This is as old as Babylon and evil as sin. It is the power of the darkness of the world, and of spiritual wickedness in high places. The difference is that it is not happening in some other place, or in a book, or as forewarned in some vaguely distant prophecy— it is happening here and now.
People will come back to their senses, but slowly, and one at a time.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.