“The sense of responsibility in the financial community for the community as a whole is not small.It is nearly nil.Perhaps this is inherent.In a community where the primary concern is making money, one of the necessary rules is to live and let live.To speak out against madness may be to ruin those who have succumbed to it.So the wise in Wall Street are nearly always silent.The foolish thus have the field to themselves.None rebukes them…
It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.”
John Kenneth Galbraith, The Great Crash of 1929
Stocks soared to new highs today.
On light volumes.
Disproportionately led by big cap darlings such as Amazon and the rest of the new era big-cap techs crowd.
Come on in. The water’s fine. Everyone is making money but you. Get some.
Gold and silver rose a little on Dollar weakness.
You are not one of the elite, the .1%, except in your own misplaced aspirations, and maybe delusions of grandeur. To the power of darkness, you are prey, and your purpose is to be devoured.
