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SMW for 11 August 2023



AT THE CLOSING BELL ON 11 August 2023


Dow Jones 35,281.40 +105.25 (0.30%)
S&P 500 4,464.05 -4.78 (0.11%)
Nasdaq 13,644.85 -93.14 (0.68%)

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Quote for the Day:

Adrian did not appear in Rome until late in August 1521, almost eight months after his election, owing in part to an outbreak of plague. He made his intent clear at once. Addressing the College of Cardinals at his first consistory, he said that evils in the clergy and Papacy had reached such a pitch that, in the words of Saint Bernard, "those steeped in sin could no longer perceive the stench of their own iniquities." The ill repute of Rome, he said, was the talk of the whole world, and he implored the Cardinals to banish corruption and luxury from their lives and, as their sacred duty, to set a good example to the world by joining him in the cause of reform. His audience was deaf to the plea.

Barbara W. Tuchman. The March of Folly: From Troy to Vietnam. Alfred A. Knopf. © 1984.