29 August 2013

SP 500 and NDX Futures Daily Charts - Hard Time Killin' Floor Blues

"The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on."

Warren Buffett

The market tried to rally off the 'better than expected' GDP revision up to 2.5%, with an increase in the inflation factor up to .8% as well.

War jitters have the markets on their heels.

Low paid fast food workers went on strike today for a living wage.  For the disconnected view of reality Bloomberg TV did a fine job this afternoon.  "No one is forcing them to take those low paying jobs." 

But at the end of the day, the biggest fog of tone deafness surrounds Washington from the Beltway in, afflicting most of the power elite including the feral demagogues of the right.