“The Lord is my light and my salvation –
whom shall I fear?
The Lord is the refuge of my life –
of whom shall I be afraid?”
“For fools rush in where angels fear to tread
Distrustful sense with modest caution speaks,
It still looks home, and short excursions makes;
But rattling nonsense in full volleys breaks,
And, never shocked, and never turned aside.
Bursts out, resistless, with a thundering tide.”
Alexander Pope, Essay on Criticism
Stocks were in a boisterous, risk-taking mood today on a much better than expected Non-Farm Payrolls Report.
The report was boosted by over 40,000 GM workers coming back onto the payrolls after a long strike.
The Dollar was slightly higher, but gold and silver were smacked down hard, as is traditional for a strong payrolls report in the December contract period.
But this all serves the purposes of the worst, who are loud and proud.
And so let all the worldly rejoice.
Have a pleasant weekend.