“The anti-traditional attitude encourages precisely the contrary tendency, namely the paying of more attention to applications than to principles, to effects than to causes, to symptoms rather than to disease — and still less to health —, to the absence of open warfare rather than to the things that make peace.
This mental habit, which is all the more dangerous in that it is largely unconscious, lies at the root of most of our troubles, and so long as it is prevalent among us we shall be condemned to remain the dreamers that we are, instead of the men of awareness that we might be.”
“The anti-traditional attitude encourages precisely the contrary tendency, namely the paying of more attention to applications than to principles, to effects than to causes, to symptoms rather than to disease — and still less to health —, to the absence of open warfare rather than to the things that make peace.
This mental habit, which is all the more dangerous in that it is largely unconscious, lies at the root of most of our troubles, and so long as it is prevalent among us we shall be condemned to remain the dreamers that we are, instead of the men of awareness that we might be.”
— Marco Pallis, “The Active Life”
BY Перечитывая Генона
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Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
Newly uncovered hack campaign in Telegram
The campaign, which security firm Check Point has named Rampant Kitten, comprises two main components, one for Windows and the other for Android. Rampant Kitten’s objective is to steal Telegram messages, passwords, and two-factor authentication codes sent by SMS and then also take screenshots and record sounds within earshot of an infected phone, the researchers said in a post published on Friday.
