"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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CCI chart reveals the changing investor sentiment in regards to risk
Risk trades are back in vogue today but there appears to be a bit of hesitancy to really push them hard across the full spectrum due to continued uncertainty in regards to the nuclear reactor situation in Japan. Until that situation gets resolved, there will be some hedging of risk trades against any further degradation of the sites.
Dan ... any chance of an update on the commodities sector please
ReplyDeleteMartin - I just sent up a more recent posting of the CCI charts per your request- Dan
ReplyDeleteBrilliant ... thx
ReplyDelete