"Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it."
Mark Twain
“Many of our most vaunted innovations are simply methods -- electronic or otherwise -- of pulling off some age-old profit-maximizing maneuver by new and unregulated means.”
Thomas Frank
“The combination of power, optimism and abstract thinking makes powerful people more certain. The more cut-off they are from others, the more confident they are that they are right.”
Margaret Heffernan, Willful Blindness
The heart of the rain that is Tropical Storm Ida is rolling over us now. I was down the street helping a neighbor get some things ready.
Stocks reached for another high note today, but fell back to the earth and mostly unchanged into the close.
Gold ended up flat while silver managed to hang on to a decent gain.
The Dollar was just a bit lower.
All eyes are on the Non-Farm Payrolls report on Friday.
The markets seemed to just shake off the big disappointment in the ADP private employment report today.
This market seems edgy. I am out of all positions in the my trading account, keeping cash on hand.
Have a pleasant evening.
