"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
John Kenneth Galbraith
"Foolishness has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves. In this respect our townsfolk were like everybody else, wrapped up in themselves; they did not believe in plagues."
Albert Camus
There was a blog post with substantial commentary about the metals and other markets earlier today.
You can read it here.
If you take the time to watch the video you may learn something which could prove to be useful.
Tech plunged again, all the way to what looks like a 'must hold' level.
The SP 500 also gave it up a bit, but not as much.
The Dow Industrials rallied, but it is a papier-mâché showpiece for tourists.
The Dollar rallied, taking out the 92 handle.
The rising 10 Year Treasury yield is having its effect.
Higher rates with a stronger dollar is something even our servile, corporate-sponsored nomenklatura and their elite money masters cannot possibly desire as a policy outcome, even in their sociopathy and naive recklessness about financial matters.
But you could say the thing about our endless wars with so little of strategic value to gain.
Let's see what they'll think of next.
Have a pleasant evening.
