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Today was a very boring day in the markets.

The Dollar drifted a little lower, gold and silver a little higher.

VIX is complacent.

Stocks are overvalued and mispriced for risk.

The problem is not that some people wish to give themselves over to lawlessness.

It is the larger number of people who enable them, for mostly selfish reasons. 

It is going to take something significant to waken this cult of complacency.

A common story from history.   

But we never see it coming in our own case.

It doesn't happen to people like us. 

Have a pleasant weekend. 
 

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