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Written by Steve Meyers   
Tuesday, 31 August 2010 14:15

Proverbs 6:27 Can a man take fire in his bosom, and his clothes not be burned?

Yesterday, a 400-year dormant volcano erupted in Indonesia spewing lava and sand high into the sky. It reminded me of another volcano that erupted in 1991.

Mount Pinatubo, dormant for over 500 years, began to erupt on June 12, 1991, and three days later exploded with twice the power of the 1980 Mount St. Helen's eruption. The release of power blasted a cubic mile off the mountaintop and the earth shook for eight hours. The eruption produced an ash cloud that rose over 50,000 feet into the atmosphere. If that wasn't enough, Typhoon Yunga then struck the island nation with fierce winds and torrential rains which mixed with the ash creating what the locals called "Black Saturday!"

The United States was forced to abandon and eventually close Clark Air Force base, located just a few miles from Mount Pinatubo, due to the devastating blanket of fallen ash. When a vulcanologist was asked to account for the widespread damage which sent thousands of American soldiers and Filipinos fleeing, he replied, "When a volcano is silent for many years, people forget it's a volcano and begin to treat it like a mountain."

Now here's a lesson from nature. We should always be aware of how our sinful nature has the potential to erupt. It would be a big mistake to ignore this possibility simply because it has lain dormant for a season...even a seemingly long one.

Solomon writes a profound statement in his book of Proverbs, which, when paraphrased goes something like this; "Can someone play with fire in his lap without incinerating his clothes?"

The enemy of our souls would love for us to believe that we can somehow play with sin, without it negatively affecting our spirit and our walk with the Lord -- oh how deceptive Satan can be!

D.L. Moody was a fairly simple man and I love the way he dealt with sin. He said, "When you're thinking sin, think scripture!"

Friend, let's be on guard! Sin is a dormant volcano which can erupt at ANY moment and set our house on fire. How do we prepare? First, by being aware of the possibility...then...;"Thy word have I hid in my heart that I might not sin against thee". [Psalm 119:11] Let's meditate upon His Word, allowing it to sink deep into our minds and our hearts, so that the only fire which burns there...is the fire of God's Holy Spirit. Amen.
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Ron Rebner |2010-08-31 16:10:37
Volume ended OK. I have two different sets on numbers for the NYSE, one a liitle better than average and one over 20% better than average. On the NASDAQ, voulume was a little below average. Both exchanges were significantly higher than yesterday's anemic volume. Lot's of churning, maybe in part due to month end, with little change in prices. The A/D's were slightly positive on the NYSE nad slightly negative on the NASDAQ.
NV  - Taxes we will be paying |2010-08-31 16:24:49
http://www.newsmax.com/RonaldKessler/Obamadebttrillionstaxes/2010/08/30/id/368718?s=al&promo_code=AA 2F-1
ronny p  - Banks Need New Capital on Housing Dip, Whitney Say |2010-08-31 16:52:30
http://www.bloomberg.com/news/2010-08-27/banks-will-need-new-capital-to-withstand-renewed-housing-di p-whitney-says.html

OOPS, double dip and banks not prepared
Matt  - Obama And the Elections |2010-08-31 19:41:22
Just watching Obama tonight. Can hardly stand watching but i want to know what "they" are up too. I just kept thinking about the up coming elections and the way the markets are acting. The fed's have markets in total control at Dow 10k
That is the line in the sand. It reminds me of a time when I was growing up and my farm dog got into a horrible fight with a coyote they were both the same size, the fight was unreal. They would go at it for a long time and then they both would just stop too tired to go on. they would just sit there and panting, looking at each other. Then when rested they would get up and start the fight to the death again. This market reminds me of that fight. Someone is going to get killed in the end. but both are going to be bloody. It's a no win.. The markets are rigged and no one is going to come out a winner. But the fight. Wow. It's something. If you ask me and I have been saying on this blog since April that the markets will stay up until after the elections I still think that's the case. Be long gold and sliver..
And keep the GOOD fight. Steve you will get tired and the pressure is heavy. But you know this fraud can't keep up forever.. God bless all your work.. Matt
TitamTrader  - Ramp Job |2010-08-31 20:43:21
"How do you prevent a 5% drop in a month (which as Credit Trader points out is precisely what the last minute ramp achieved)? A reader explains:

approx 175k ESU0 traded between 3:59 and 4:00 - $9.1B notional. in the 16 minutes between 3:59 and 4:15 just under 300k contracts traded total (12% of full day / overnight volume --- 200% of the previous 5 trading days) for total of $15B notional"
http://www.zerohedge.com/article/last-minute-ramp-job-dissected
Frank |2010-09-01 00:55:39
Thank you for the daily message. It is very difficult to watch what is happening in our country and not despair.
Give up on stocks - play things close to the vest. I have done that and I just wish to say Thank you for this website and the teachings I have now grown to rely on.
NV  - FDIC |2010-09-01 06:28:25
http://www.washingtontimes.com/news/2010/aug/31/banks-post-strong-quarter-but-woes-persist/

Can someone pls explain how the FDIC ins. works to me? I fit is not paid by tax payers why is there a deficet w insurance? How does the industry pay that? Thx
Ron Rebner |2010-09-01 06:49:53
The FDIC charges the banks fees that go into their pot to cover insured accounts when banks fail. It is backed by the government, that is us. I expect big failures ahead.
pid |2010-09-01 08:58:52
Wouldn't it actually be nice if we filled the gap here today (@ 1067.34 SPX)?

I dont't think 1040 is at seriuos risk before this happens.
Josh  - POMO |2010-09-01 09:08:35
Isn't today another Fed POMO day?
patty  - franklin and marshall t-shirts,franklin and marsha |2011-04-06 20:56:30
How many days can you built a site like this : http://www.franklinmarshallclub.com
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