Sam Storms of Enjoying God Ministries writes this in an introduction to a lengthy article on Psalm 33, which I encourage you to read if you have time. Click here:
This psalm is a reminder to us that there need never, ever be a crisis in confidence for the Christian. The dollar may rise and fall, nations may totter on the brink of destruction, health may come and go, but through it all the confidence of the Christian ought to remain constant and unaffected. How so? To use the words of David in Psalm 20, “some boast in chariots and some in horses, but we will trust in the name of the Lord, our God” (v. 7). Or better still, read Ps. 33:16-22 . . . Psalm 33 is a hymn of confidence, a song of faith, a poem about the grounds for our hope.
The king is not saved by his great army; a warrior is not delivered by his great strength. The war horse is a false hope for salvation, and by its great might it cannot rescue. Behold, the eye of the LORD is on those who fear him, on those who hope in his steadfast love, that he may deliver their soul from death and keep them alive in famine. Our soul waits for the LORD; he is our help and our shield. For our heart is glad in him, because we trust in his holy name. Let your steadfast love, O LORD, be upon us, even as we hope in you. (Psalm 33:16-22 ESV)
Knowing God through His Word ... Day by Day 