09 September 2011

SP 500 and NDX Futures Daily Charts - Psychopathia Financialis



“A psychopath can tell what you’re thinking but what they don’t do is feel what you feel. These are people without a conscience.”

Bob Hare

It was 'fear on' as concerns about a Greece default had stocks selling off led lower by the financials. The VIX remained elevated. We will have to see if anything comes out of the G7 or the ECB before Monday.

The Ten Year Treasury hit a record low of 1.91 yield today.

Gold and silver were repeatedly pummeled but remained resilient in the light trading sessions overnight and in the access market this evening. The perception management was painfully obvious.

Although there were many smacking Obama today, it was not clear what he might have offered as a solution to please the Congressional sociopaths on the right, except human sacrifices of the poor, the elderly, the immigrants, and the different. The hyper-polarization of the monied interests has been inflamed by the moral hazard of the bailouts and excuses of the financial sector fraud. These fellows despise conciliation and compromise as weakness.

This is one of those remarkable episodes in history that Americans, Europeans, and Brits might have trouble explaining to their grandchildren.  But ignorance is a familiar excuse.