Not much market action on Friday. With a VIX reading of just under 11, a remarkable tranquility has settled over the markets – like the calm seas in the North Atlantic when the Titanic set sail. “Not even God Himself can sink this ship,” said its architect. In the event, it was sunk by an iceberg. God claimed no credit nor took any blame. We humans can never hope to know the truth. Even in science we never know whether something is true or not. All we know is when something isn’t true.