"We want to go on the record, here and now, that the past scandals of the New York Stock Exchange are going to look like minor hiccups when the history of the current New York Stock Exchange era is written."
Wall Street On Parade, December 30, 2021
"The whole town and all its inhabitants are quite drowned in carnival din, masks and confetti. And on top of that the news of the Reichstag fire. Dancing on a volcano."
Alban Berg, Letter from Berlin, September 1, 1933
"When we look back on this period in time with the perspective of history, we will see markets dominated by control frauds and mispricing of risk that will seem painfully obvious.
Why do we not see this now? Why did so few see it coming 2007, and in 2000? Perhaps because the money is too good, and our societal judgement is too corrupted, often willfully so.
Bubbles have a surprising resiliency, as does evil in a hardened heart. And for the same reasons."
Jesse, April 2021
"Niemand gibt uns eine Chance
Doch können wir siegen
Für immer und immer
Und wir sind dann Helden
Obwohl sie
Unschlagbar scheinen
Werden wir Helden."
David Bowie,
Helden"For in the end, the only real tragedy is not to have been a saint."
Léon Bloy
This market has one foot on a banana peel and the other in the abyss.
It is a thinly masked, simmering volcano of the mispricing of risk, fed and sustained by fraud.
Gold and silver rallied.
The Dollar rose slightly in a sideways chop.
Stocks sold off weakly in light volumes.
Tomorrow is the last trading day of the year.
Have a pleasant evening.
