“Why do you not understand what I am saying? Because you cannot bear to hear my word. You belong to your father the devil, and you willingly carry out your father’s desires.'"
John 8:43
"O Nebuchadnezzar, we do not need to defend ourselves before you in this matter. If we are thrown into the blazing furnace, the God we serve is able to save us from it, and he will rescue us from your hand.
But if not, even if he does not preserve us, we want you to know, O king, that we will not serve your gods, or worship the images of gold you have set up and commanded us to worship."
Daniel 3:16-18
"Take a stand for that which is right, and the world may misunderstand you and criticize you, but you never go alone.
Walk with him this morning and believe in him and do what is right and he'll be with you even until the consummation of the ages.
You're going with justice, you're going with goodness, and you will have an eternal companionship. And the world will look at you and they won't understand you, for your fiery furnace will be around you, but you'll go on anyhow. But if not, I will not bow, and God grant that we will never bow before the gods of evil."
Martin Luther King
"For evil to appear disguised as light, as charity, as historical necessity, or social justice is quite bewildering to anyone raised on traditional ethical concepts. But for the Christian who builds his life on the word of God, it merely confirms the fundamental perversity of evil."
Dietrich Bonhoeffer
"The most important problem in the world today is your soul, for that is what the struggle is about."
Fulton J. Sheen
Stocks sold off again today, dropping down to some key support levels.
They managed to bounce back a bit into the close.
Keep an eye on those support levels, because they may be pivotal between what is a 'normal' correction and another failed rally.
Gold finished unchanged and silver managed to bounce back into the green with stocks, but both were hit hard in the early trading in New York and London.
The Dollar edged a little higher.
The VIX rose with the morning declines, but pulled back a little in the afternoon.
This is a dangerously volatile market, with a number of significant exogenous factors that could move stocks significantly.
I have taken down my index shorts and am not just sitting in cash.
I have pretty much stopped watching network television because the fog of war is flowing thick and heavy. Most shows and series are just not very interesting or entertaining or enlightening.
I remember the FCC commissioner in 1961 referred to network television as 'a vast wasteland.'
Now it is more like a noisome swamp, clouded with thick mists, populated by will o' the wisps and phantoms.
Have a pleasant evening.
