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Thursday, January 2, 2014

first wall street trading day 2014; and Saint Veronica with the Sudarium

first wall street trading day 2014; and Saint Veronica with the Sudarium

fiction
Edward w Pritchard


What should we worship?

Veronica was a creation of legend. When Jesus was carrying the cross to be crucified Saint Veronica offered Christ her veil. The veil became imprinted with the face of Jesus. The picture of Christ on a veil became a popular image and pilgrimage to Rome to view a Sudarium earned one many indulgences in the Middle ages. It was also thought viewing the image protected one from sudden death.

Rather than contemplate Christ suffering horribly on the cross it is softer to view his sad face staring at us across the ages. The Sudarium was a different way of looking at the familiar information central to Christianity. The image presented above by the Master of St. Veronica, Cologne 1400 presents Jesus' sorrow without the brutal edge of the Cross and Crucifixion.

The first day of stock trading in 2014 resulted in a drop in the Dow of 135 points. Is it as January goes so goes the year for Stocks or as January's first trading day so goes the year? If so not a good start to the trading year of 2014. Seventy five percent of advisers seem to be bullish. Was today's losses profit taking from the year end run up, a traditional January effect, or an augury of something more? Nearly every prognosticator expects a bullish year for stocks in 2014.

What are the futures telling you?

What does the year hold for the American stock market? Do we need a new way of looking at the same old information? Can anyone accurately predict the stock market and the future?

Bullish or bearish in 2014. Day by day yesterday's predictions become exposed to reality.

Is the January effect or a first trading day of January prediction model a case of over elaborate data mining? Yale Hirsch, author of " Don't sell stocks on Monday " back in 1986 wrote " while stocks do indeed fluctuate, they do so in well defined, often  predictable patterns which reoccur too frequently to be the result of chance or coincidence."

Is all of existence random; explainable as one interaction followed by another ad infinitum? Or is there a underlying pattern to everything, caused and created by who knows what or who knows whom?

What should we worship? Oracles and auguries abound, the future is certain we are told. Who knows what will happen tomorrow? What are the futures telling you?

Who will you worship?

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