1) … Gold and stocks rose as Bernanke said continued stimulus needed.
Ben Bernanke’s statement that continued stimulus is needed ralled Gold, GLD, US Stocks, VTI, and World Stocks, VT, as well as Major Currencies, DBV, and Emerging Market Currencies, CEW, and Commodities, DBC. The Swedish Krona, FXS, led most currencies higher, causing the US Dollar, $USD, UUP to trade lower.
Retail, XRT, Pharmaceuticals, XPR, IHE, Consumer Services, IYC, Smallcap Consumer Discretionary, PSCD, Cloud Computing, SKYY, Small Cap Value, RZV, Gaming, BJK, Health Care Providers, IHF, Smallcap Technology, PSCT, and Financials, XLF, rose on end of month window dressing.
Retail, XRT, shares rising FL, SHOO, ROST, LTD, ARO, ORLY, HIBB, HD, LOW, PIR, JWN.
Gaming, BJK, shares rising included, BUD, SHFL, LVS.
Tobacco Shares rising included those seen in this Finviz Screener, MO, PM, LO, RAI, CIGX, VGR.
Small Cap Value shares, RZV, rising included GCA, TSCO, ACAT, TBHI, SNX, MNST, GPN, ADM, FLT, POOL, RCII, PII, BID, BC, ACAT, TBI, HOG, AEA.
Financial shares rising included Credit Providers, MA, V, COF, and ASP rose, Regions Financial, RF, and Morgan Stanley, MS.
Country shares rising included, Mexico, EWW, South Africa, EZA, and Sweden, EWD.
Cloud Computing, SKYY, shares rising included INAP, AKAM, NTGR, N, FFIV, RHT, PCLN, AMZN, RSYS.
Gold mining shares, GDX, rose on a rising price of gold, GLD.
Various news reports communicate that Institutional Investors and Hedge Funds have gone all in; this is a bearish signal.
It was a good day for short sellers to add to positions in those sectors that will be the fastest fallers seen in this Finviz Screener, EUFN,PFF,RZV, PKB, COPX, ITB, EWX, PSP, GREK, XBI, XSD, PSCI, EWD.
And it was a good day to add to positions in Bear Market ETFs, seen in this Finviz Screener. SKF, EEV, TWM, DUG, SMN, FXP, BZQ.
2) … In today’s monetary policy news
Agence France Merkel Says Catatrophic To Let Greece Leave The Eurozone.
Reuters Italy PM Monti Says The Higher The Firewall The Better.
Bloomberg Hirano Says Bank of Japan Crosses Rubicon With Desperate Monetary Policy.
3) … What is right and what is wrong?
That which is right, is that which is morally beneficial to one’s self or another; in other words, that which upholds virtue is right.
That which is wrong, is that which is morally detrimental to one’s self or another; in other words, that which denigrates virtue is wrong.
The Apostle Peter wrote in 2 Peter 1:1-10, that the elect live in the like precious faith of Jesus Christ. The implication is that others live in fiat, that is, the “so be it” of mandate. Those who live in the former are guided by a good conscience, Psalm 51:10, which comes by petitioning God, and by virtue, that is a set of moral excellencies, such as respect for others and fairness. Those who live in the latter, live by the decree of their belief system, or as in the case of those living in Greece, the client status of the EU ECB and IMF Troika.
The moral cocoon develops by adding to faith, virtue, knowledge, self moderation and perseverance. The moral butterfly emerges, by adding godliness, brotherly kindness and love.
The elect participate in the divine nature, and experience the great and precious promises of God; whereas the fiat become whatever their mandate dictates, i.e. a utilitarian, or a bio ethicist.
The choice to be elect or to be fiat was made by God in eternity past, as will died in the Garden of Eden, man has never had any choice. There are no sovereigns but God alone. All things exist by and through His sovereign will. He is accountable to no one. His wisdom is unsearchable. He is no respecter of persons; he is fair to all, as has placed all under sin, that is doubt. This concept is known as the doctrine of the election of Grace; one of many sound doctrines known to those of like precious faith.
Like Jim Davidson relates in the Morpheus Proposal, Neo and those who have taken the Red Pill, perhaps better said, had the Red Pill crammed down their throats, know that fate governs all things, 2 Corinthians 5:17-18.
Utilitarian Ethicists, such as Jeremy Bentham, would question, was it right or wrong that Dick Cheney received a heart transplant on March 24th, 2010.
From Wikipedia, the Jeremy Bentham ethic is that pannomion rule society; that is a utilitarian code of law govern; the fiat (the to be) here is that the greatest happiness of the greatest number is the measure of what is right and what is wrong.
In Principles Of Morals And Legislation, he wrote that nature has placed mankind under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do. They govern us in all we do and say.
Bentham favored monetary expansion. If one receives social justice, ie a transfer payment, then one owes it to Bentham, as he became a major element in the liberal concept of state policy objectives.
So, an inquiring mind asks, Dick Cheney deserve that heart? Does Cheney’s heart transplant reveal a virtue question, or an ethical question?
An inquiring mind asks, who be you? Are you of like precious faith? or are you of fiat ethics? That is, does the faith of Jesus Christ rule your life, or does ethical precept rule your life. If the former, then, according to 2 Peter 1:1-10, you partake of the divine nature, know right from wrong, and are receiving the exceedingly great and precious promises of God. If the latter, then you have your soap box, and an identity, and experience out of ethics.
The question is what heart governs you? Are you governed by a heart of conscience coming from God and virtue, or are you governed by a heart of ethical belief?
The question is one of identity! Are you the elect of God? or are you a bio ethicist or some other fiat creature?