"The sense of responsibility in the financial community for the community as a whole is not small.It is nearly nil.Perhaps this is inherent.In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it.So the wise in Wall Street are nearly always silent.The foolish thus have the field to themselves.None rebukes them."
John Kenneth Galbraith, The Great Crash of 1929
Stocks pushed higher again today, buoyed by the billions in cheap liquidity that the Fed has been delivering to Wall Street.
The hope is that the higher stock prices will insulate and validate Trumpolini as his impeachment trial approaches. As for the rest of them, it is greed, all the time, as always.
Gold is holding support at 1550. Let's see if it can continue to do so through the Non-Farm Payrolls report tomorrow.
Protect yourselves. And be cautious not only with your property but more importantly, with your hearts and minds.
Have a pleasant evening.
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