WARNING: This post contains unblurred spoilers for the Elric novel Stormbringer
And then it leapt from the Earth and went spearing upwards, its wild voice laughing mockery at the Cosmic Balance, filling the universe with its unholy joy. (DLP)
At the very end, the Cosmic Balance, which is the closest equivalent to an all-powerful benign God in Moorcock’s multiverse, has been partially thwarted. A powerful force of Chaos and evil is loose upon our Earth. So it seems that the views that Elric expresses in Dead God’s Homecoming – that life is "chaotic, chance-dominated, unpredictable" and that "there is no justice" – have been proved to some extent correct.
I want to say I had the feeling when reading it that it wasn't staying on that world, but rather going off to new worlds to disrupt and see what it could do there. This takes even that small victory.