"I urge you, brothers and sisters, to be wary of those who cause divisions and undermine the faithful, in opposition to the teaching that you have learned. Do not associate with them. For such people do not serve our Lord, but their own appetites. And by clever words and flattery they deceive the hearts of the innocent and naive."
Romans 16:17-18
"Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring. This is what baffles the power of Satan. He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it."
John Henry Newman
“The stars move still, time runs, the clock will strike,
The devil will come, and Faustus must be damned...
Mountains and hills, come, come, and fall on me,
And hide me from the heavy wrath of God!”
Christopher Marlowe, The Tragical History of Dr. Faustus
Today the risk cycle was on, and stocks managed to shake off all concerns and rallied higher, with broad gains on light volumes.
The Russell 2000 has risen to its down trending resistance for this trading range.
Yes I was tempted to dip back in on the short side, but this kind of light holiday market, with the wiseguys looking to mark their gains for the year into the books, is a tough trade.
Gold and the Dollar were off a bit with the refreshed taste for risk.
Silver rallied on the positive correlation with stocks and risk.
Today is the first day of Winter.
The first picture below is an early illustration from my old blog, in 2001.
Have a pleasant evening.
