“For I behold the heavens, the works of your fingers: the moon and the stars which you have made. What is man that you are mindful of him? or the Son of Man that you dwell with him? You have made us a little less than the angels, and you have crowned Him with glory and honour, And have set Him over all the works of your hands.”
Psalm 8:3-5
‘Narcissistic personality disorder is named for Narcissus, from Greek mythology, who fell in love with his own reflection. Freud used the term to describe persons who were self-absorbed, and psychoanalysts have focused on the narcissist’s need to bolster his or her self-esteem through grandiose fantasy, exaggerated ambition, exhibitionism, and feelings of entitlement.’
Donald W. Black, DSM-5 Guidebook
Stocks continued their sideways trade, except for the big cap techs which lead the NDX to new highs.
The rally has narrowed considerably, and is being driven by less than ten stocks which have an overweight influence on the indices.
And as the stock indices go higher, they attract more money into them through index funds.
The ending will be swift, and sudden.
This post was published at Jesses Crossroads Cafe on 16 MAY 2017.
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