Stocks and Precious Metals Charts – Don’t Lie To Yourself

‘Till human voices wake us, and we drown.’
T. S. Eliot
“Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth? No; he offers you baits to tempt you. He promises you civil liberty; he promises you equality; he promises you trade and wealth; he promises you a remission of taxes; he promises you reform.
This is the way in which he conceals from you the kind of work to which he is putting you; he tempts you to rail against your rulers and superiors; he does so himself, and induces you to imitate him; or he promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them.
He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his.”
J. H. Newman
Things are getting stretched out quite a bit. We are in what can modestly be called pivotal times.
The market for equities is now pricing in expectations of both a corporate tax cut and a repatriation deal for the transfer priced cash that US corporations have been hoarding in tax havens overseas.

This post was published at Jesses Crossroads Cafe on 21 FEBRUARY 2017.

 

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