Lens Stock Quotes

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Only two or three months ago, one of the Tokyo newspapers (I can’t remember which) admirably reported that a two hundred inch astronomical telescope in America was halfway toward completion. I should like to praise the editor of that newspaper. Articles about war, foreign affairs, and the stock market are not the only things that should be considered newsworthy. A two hundred inch lens can magnify our view of the cosmos considerably. The scope of human vision will expand tremendously. It will become possible to see what was once impossible to behold. It will be a momentous occasion, as though the whole human race, once blind, is granted the gift of sight. Its importance is unrivalled by any war.
Edogawa Rampo (The Edogawa Rampo Reader)
Seen through the lens of human perception, cycles are often viewed as less symmetrical than they are. Negative price fluctuations are called “volatility,” while positive price fluctuations are called “profit.” Collapsing markets are called “selling panics,” while surges receive more benign descriptions (but I think they may best be seen as “buying panics”; see tech stocks in 1999, for example). Commentators talk about “investor capitulation” at the bottom of market cycles, while I also see capitulation at the top, when previously prudent investors throw in the towel and buy.
Howard Marks (Mastering The Market Cycle: Getting the odds on your side)
The shoot-to-kill order came through at zero one fifteen, relayed over a satellite radio. It’d been just three hours since the two-man reconnaissance team had reported the sighting. They lay in a shallow dugout on a windblown ridge, the leeward slope falling away steeply to an impassable boulder field. A desert-issue tarp all but covered the hole, protected from view on the flanks by thorny scrub. Shivering, they blew into their bunched trigger-finger mitts. The daytime temperature had dropped twenty degrees or more, and fine sleet was melting on their blackened faces. Darren Proctor extended the folded stock of his L115A3 sniper rifle. He split the legs of the swivel bi-pod and aligned the swivel cheek piece with the all-weather scope. Flipping open the lens cap, he glassed the terrain cast a muted green by the night vision. The tree line was sparse, a smattering of pines and cedars shuddering in the biting wind. Glimpsing movement on a scree slope fifty metres or so beyond, he focused in. The eyes of a striped hyena shone like glow sticks. He watched as the scavenger ripped at the carcass of an ibex or wild sheep. A second later it sniffed the air, ears pricked, and scampered off.
Gary Haynes (State of Honour)