Something We Missed During These Market Doldrums

Despite one of our trusted sources - one that concentrates on short-intermediate trends - continued harping on all the signs that we're due for a steep correction in stocks, it's another day of not much of anything. Futures this morning point mildly up after yesterday's mildly down action.

Duly noted. Now on to something more interesting - something that escaped me somehow yesterday:

It was the 50th anniversary of the lift off of Apollo 11 on its way to the moon and that "giant leap for mankind." Yeah, it was that one.

Now here's something that's particularly interesting if you're Catholic - maybe even if you're not. I got this from a Catholic blog I follow. Another reader writes:

Today, July 16, is the 50th anniversary of the liftoff of Apollo 11 on its voyage to the moon. It is, also, the Solemnity of Our Lady of Mt. Carmel. Apollo 11 landed on the moon on July, 20, 1969, which is the Solemnity of Elijah, the Prophet and founder of Carmel. This is interesting because Mary, in iconography is often represented by the moon, who reflects the rays of the sun (Son). It is, amazingly, also, a full moon on July 16,the ready of OLMC. I just thought this was an amazing confluence of events.

And, yes that's pretty cool.

By the way, that "Solemnity" is observed in various ways. One parish in NYC sponsors a procession every year, followed by a special Mass. There's a street festival at another parish. This special feast day was once a bigger deal for Catholics all around. But like so much of Catholic tradition, it's been more or less left in the dust by the drive to "modernize" the Church after the ecumenical council known as Vatican II that took place in the 1960s.

Ah, the 1960s. I'm continually amazed by those who pine for those days. Sure, there was some creative stuff going on. Popular music, in particular, had its moments. The diversity, ranging from "psychedelic" rock to Motown puts today's bland, same-old-same-old offering to shame - at least in my humble opinion. But so much of what went on then left a bad taste, and all done in the name of some kind of "liberation" from the uncool past: drugs, "free" love, sit-ins, protests (though some were righteous) - well, if you lived through it, or have studied it, you know what was going on.

Even the stuff that was done for good reasons like civil rights marches, protests of the Vietnam debacle, etc., wasn't something you pine for, is it? Well, maybe some do.

By the way, I've been reading, among other things, Ali by Jonathan Eig. Muhammad Ali (born Cassius Clay) was a big part of the 1960s - and beyond. The book, while far from perfect, isn't bad.

So market doldrums, keep doldrumming, if you please. It's no skin off my back.

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