07 June 2013

SP 500 and NDX Futures Daily Charts - 'We Can't Help Ourselves'

I do not know what spin the financial channels put on it, but the Non-Farm Payrolls report was mixed to weak, and enough so to show that all this talk of QE tapering, at least based on a sustainable broad-based economic recovery, is nonsense.

I don't think people quite understand the environment on Wall Street and in Washington as it has become over the past fifteen years.

At least not yet.