01 February 2013

SP 500 and NDX Futures Daily Charts - Fragility of Vain Illusions

Fame, power, and gold, are loved for their own sakes — are worshipped with a blind, habitual idolatry. The pageantry of empire, and the fame of irresistible might, are contemplated by the possessor with unmeaning complacency, without a retrospect to the properties which first made him consider them of value.

It is from the cultivation of the most contemptible properties of human nature that discord and torpor and indifference, by which the moral universe is disordered, essentially depend.

So long as these are the ties by which human society is connected, let it not be admitted that they are fragile.

Percy Bysshe Shelley

The employment number was worse than expected, and the unemployment rate ticked up.

The equity markets, aka the cash cow entitlement of the one percent, ran higher because of extensive revisions to past months.

This will not end well.